Market report · October 2026
Luxury property prices in Madrid's Salamanca District
An analysis of the prime segment in Madrid's Salamanca District, built from Altium Properties' active portfolio, neighbourhood market averages and the official INE index. Where the premium is paid, and why.
Average price per m² in the district · up to 17.101 € in Recoletos
Ranking by neighbourhood
Average price per square metre
The district's prime neighbourhoods, ranked by Altium's €/m², alongside each neighbourhood's market average and the premium the prime segment commands.
Prime €/m²: Altium portfolio. Neighbourhood market average: average of Fotocasa índice inmobiliario (octubre 2026) and idealista/data (septiembre 2026). District cross-check: idealista 10.865 €/m² · Tinsa 8133 €/m².
Actual notarised sale price by postcode (Spanish Notaries' Statistics Portal, last 12 months): 28001 12.346 €/m² · 28006 10.471 €/m² · 28009 9464 €/m² · 28028 6797 €/m².
Market context
The Madrid market, per the INE
Year-on-year change in home prices in the Community of Madrid (3T 2025). The prime segment of Madrid's Salamanca District, with a price per m² well above the regional average, behaves as a safe-haven asset with its own dynamics.
Second-hand housing: +14.5% YoY
Methodology. Prime €/m² is compiled from Altium Properties' active for-sale portfolio in Madrid's Salamanca District, updated continuously: calculated from each property's asking price and built area, excluding price-on-request listings and neighbourhoods with fewer than three properties (current sample: 221 properties). The neighbourhood market average is the mean of Fotocasa índice inmobiliario and idealista/data (octubre 2026). Actual notarised prices come from the Spanish Notaries' Statistics Portal (sales signed before a notary, by postcode, last 12 months available). The year-on-year change is from the INE Housing Price Index (Community of Madrid). Market figures are a public reference taken manually on its date; portals do not allow automatic updates. Figures are indicative of the prime segment and do not constitute a valuation.