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Castellana takes from Salamanca the title of Spain's most expensive neighbourhood
Castellana tops the national ranking for price per square metre, overtaking Salamanca and the national average, while home values increase by more than €90,000 in one year.
Madrid's property market has once again surprised: Castellana has become the most expensive neighbourhood in all of Spain for buying second-hand homes. The average price per square metre in this exclusive area reaches 11,792 euros, a figure four times the national average of 2,879 euros.
In December 2025, buying a typical 80-square-metre flat in Castellana meant paying an average of 943,360 euros. Just one year earlier, in 2024, the price was 852,013 euros. The increase exceeds 90,000 euros in barely twelve months, a rise that leaves no one indifferent.
The ranking of the capital's most expensive neighbourhoods is completed by Recoletos (11,401 €/m²), Lista (11,300 €/m²), Goya (10,947 €/m²), Almagro (10,668 €/m²), Ibiza (10,192 €/m²), Jerónimos (9,961 €/m²), Trafalgar (9,885 €/m²), El Viso (9,572 €/m²), Justicia-Chueca (9,550 €/m²), Arapiles (9,133 €/m²), Ríos Rosas-Nuevos Ministerios (8,977 €/m²), Niño Jesús (8,929 €/m²), Nueva España (8,837 €/m²) and Cortes-Huertas (8,386 €/m²). Of Spain's twenty most expensive neighbourhoods, fifteen are in Madrid.
Outside the capital, only two neighbourhoods in Barcelona and the municipalities of Eivissa, Santa Eulària des Riu and Donostia–San Sebastián manage to make it into the areas with the highest prices for second-hand homes. Access to housing in these areas appears increasingly exclusive.