Insights

Madrid market

The capital's most sought-after neighbourhoods, from Salamanca to La Moraleja.

Madrid · Q2 2026

The market in one minute.

Values up, sales down: a firmer, slower market.

+9–15%

Rise in value, last 12 months

Madrid, Pozuelo and Alcobendas

−13%

Home sales in Madrid, last 12 months

40,086 sales in the city

3.9–4.0%

Gross rental yields

long-term lets, 2024

Area by area

Where each area stands.

Value per m² today, how it has moved, and what rents return. Tap an area for its guide.

Madrid€5,418/m²+9.4% in a year +109% since 201602k4k6k201620212026Madrid 2016 Q1: €2,534/m²Madrid 2016 Q2: €2,592/m²Madrid 2016 Q3: €2,566/m²Madrid 2016 Q4: €2,629/m²Madrid 2017 Q1: €2,652/m²Madrid 2017 Q2: €2,677/m²Madrid 2017 Q3: €2,750/m²Madrid 2017 Q4: €2,862/m²Madrid 2018 Q1: €2,924/m²Madrid 2018 Q2: €3,012/m²Madrid 2018 Q3: €3,016/m²Madrid 2018 Q4: €3,104/m²Madrid 2019 Q1: €3,240/m²Madrid 2019 Q2: €3,223/m²Madrid 2019 Q3: €3,227/m²Madrid 2019 Q4: €3,333/m²Madrid 2020 Q1: €3,273/m²Madrid 2020 Q2: €3,174/m²Madrid 2020 Q3: €3,196/m²Madrid 2020 Q4: €3,116/m²Madrid 2021 Q1: €3,206/m²Madrid 2021 Q2: €3,289/m²Madrid 2021 Q3: €3,322/m²Madrid 2021 Q4: €3,424/m²Madrid 2022 Q1: €3,588/m²Madrid 2022 Q2: €3,643/m²Madrid 2022 Q3: €3,559/m²Madrid 2022 Q4: €3,576/m²Madrid 2023 Q1: €3,790/m²Madrid 2023 Q2: €3,728/m²Madrid 2023 Q3: €3,758/m²Madrid 2023 Q4: €3,852/m²Madrid 2024 Q1: €4,016/m²Madrid 2024 Q2: €4,144/m²Madrid 2024 Q3: €4,273/m²Madrid 2024 Q4: €4,467/m²Madrid 2025 Q1: €4,709/m²Madrid 2025 Q2: €4,952/m²Madrid 2025 Q3: €5,034/m²Madrid 2025 Q4: €5,286/m²Madrid 2026 Q1: €5,466/m²Madrid 2026 Q2: €5,418/m²Yield 4.0% 40,086 salesPozuelo de Alarcón€5,206/m²+9.1% in a year +105% since 201602k4k6k201620212026Pozuelo de Alarcón 2016 Q1: €2,443/m²Pozuelo de Alarcón 2016 Q2: €2,539/m²Pozuelo de Alarcón 2016 Q3: €2,575/m²Pozuelo de Alarcón 2016 Q4: €2,526/m²Pozuelo de Alarcón 2017 Q1: €2,659/m²Pozuelo de Alarcón 2017 Q2: €2,775/m²Pozuelo de Alarcón 2017 Q3: €2,742/m²Pozuelo de Alarcón 2017 Q4: €2,734/m²Pozuelo de Alarcón 2018 Q1: €2,788/m²Pozuelo de Alarcón 2018 Q2: €3,030/m²Pozuelo de Alarcón 2018 Q3: €3,053/m²Pozuelo de Alarcón 2018 Q4: €3,091/m²Pozuelo de Alarcón 2019 Q1: €3,151/m²Pozuelo de Alarcón 2019 Q2: €3,186/m²Pozuelo de Alarcón 2019 Q3: €3,187/m²Pozuelo de Alarcón 2019 Q4: €3,322/m²Pozuelo de Alarcón 2020 Q1: €3,198/m²Pozuelo de Alarcón 2020 Q2: €3,305/m²Pozuelo de Alarcón 2020 Q3: €3,276/m²Pozuelo de Alarcón 2020 Q4: €3,302/m²Pozuelo de Alarcón 2021 Q1: €3,251/m²Pozuelo de Alarcón 2021 Q2: €3,483/m²Pozuelo de Alarcón 2021 Q3: €3,524/m²Pozuelo de Alarcón 2021 Q4: €3,569/m²Pozuelo de Alarcón 2022 Q1: €3,534/m²Pozuelo de Alarcón 2022 Q2: €3,563/m²Pozuelo de Alarcón 2022 Q3: €3,647/m²Pozuelo de Alarcón 2022 Q4: €3,648/m²Pozuelo de Alarcón 2023 Q1: €3,737/m²Pozuelo de Alarcón 2023 Q2: €3,845/m²Pozuelo de Alarcón 2023 Q3: €3,881/m²Pozuelo de Alarcón 2023 Q4: €3,932/m²Pozuelo de Alarcón 2024 Q1: €4,000/m²Pozuelo de Alarcón 2024 Q2: €4,139/m²Pozuelo de Alarcón 2024 Q3: €4,144/m²Pozuelo de Alarcón 2024 Q4: €4,334/m²Pozuelo de Alarcón 2025 Q1: €4,474/m²Pozuelo de Alarcón 2025 Q2: €4,773/m²Pozuelo de Alarcón 2025 Q3: €4,871/m²Pozuelo de Alarcón 2025 Q4: €5,102/m²Pozuelo de Alarcón 2026 Q1: €5,151/m²Pozuelo de Alarcón 2026 Q2: €5,206/m²Yield 3.9% 820 salesAlcobendas · La Moraleja€4,914/m²+15% in a year +104% since 201602k4k6k201620212026Alcobendas 2016 Q1: €2,399/m²Alcobendas 2016 Q2: €2,407/m²Alcobendas 2016 Q3: €2,310/m²Alcobendas 2016 Q4: €2,292/m²Alcobendas 2017 Q1: €2,355/m²Alcobendas 2017 Q2: €2,377/m²Alcobendas 2017 Q3: €2,435/m²Alcobendas 2017 Q4: €2,584/m²Alcobendas 2018 Q1: €2,693/m²Alcobendas 2018 Q2: €2,701/m²Alcobendas 2018 Q3: €2,773/m²Alcobendas 2018 Q4: €2,759/m²Alcobendas 2019 Q1: €2,709/m²Alcobendas 2019 Q2: €2,881/m²Alcobendas 2019 Q3: €2,834/m²Alcobendas 2019 Q4: €2,914/m²Alcobendas 2020 Q1: €2,868/m²Alcobendas 2020 Q2: €2,942/m²Alcobendas 2020 Q3: €2,970/m²Alcobendas 2020 Q4: €3,014/m²Alcobendas 2021 Q1: €2,880/m²Alcobendas 2021 Q2: €3,122/m²Alcobendas 2021 Q3: €3,128/m²Alcobendas 2021 Q4: €3,041/m²Alcobendas 2022 Q1: €3,101/m²Alcobendas 2022 Q2: €3,373/m²Alcobendas 2022 Q3: €3,454/m²Alcobendas 2022 Q4: €3,424/m²Alcobendas 2023 Q1: €3,465/m²Alcobendas 2023 Q2: €3,702/m²Alcobendas 2023 Q3: €3,511/m²Alcobendas 2023 Q4: €3,357/m²Alcobendas 2024 Q1: €3,599/m²Alcobendas 2024 Q2: €3,596/m²Alcobendas 2024 Q3: €3,548/m²Alcobendas 2024 Q4: €3,852/m²Alcobendas 2025 Q1: €3,987/m²Alcobendas 2025 Q2: €4,262/m²Alcobendas 2025 Q3: €4,556/m²Alcobendas 2025 Q4: €4,538/m²Alcobendas 2026 Q1: €4,790/m²Alcobendas 2026 Q2: €4,914/m²Yield 3.9% 1,067 sales

Our reading

What it means for you.

Buying

Values in the capital are still rising, but 13% fewer homes changed hands in Madrid than a year before. There is more room to choose, and to negotiate, than there was.

Selling

Values are firm and have roughly doubled since 2016, yet buyers take their time. A home priced right from the first day sells; an ambitious price waits.

Investing

Gross yields sit close to 4% in the city and the green suburbs alike. In Madrid, as on the coast, most of the return of the last decade has come from value rather than rent.

See the full table
Madrid: sales, values, rents and yields by municipality
MunicipalityHome sales
last 12 months
Sales
vs year before
Value / m²
Q2 2026
Value
1 year
Value
10 years
Rent / m²
a month, 2024
Gross yield
2024
Madrid40,086−13%€5,418+9.4%+109%€13.974.0%
Pozuelo de Alarcón820−17%€5,206+9.1%+105%€13.673.9%
Alcobendas · La Moraleja1,067−21%€4,914+15%+104%€11.843.9%

Sources. Ministerio de Vivienda y Agenda Urbana (home sales from notarial deeds; appraised value of free-market homes, Q2 2026, provisional) and SERPAVI 2024 (median long-term apartment rents). Gross yield = 12 × median apartment rent per m² ÷ average value per m². La Moraleja is part of Alcobendas. Past movement is no guide to the future; this is not investment advice. All markets, including the Costa del Sol →

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