The price of housing in Madrid capital stands at 6,458 euros per square metre in September, 0.2% less than in August and 2.4% more than a year ago, according to Idealista's monthly index. The Salamanca neighbourhood reaches 10,865 euros, while Villaverde leads the increases with a 23.7% year-on-year rise.
The price of housing in Madrid closes September at 6,458 euros per square metre, 2.4% more than a year ago. This is reported by the monthly index of Idealista, which leaves the capital 2.4% below its record of April, which was 6,619 euros, as published by merca2.es. The national average stands at 2,930 euros per square metre, less than half that of the capital, but has risen by 11.8% annually.
The monthly reading shows a slight correction: 0.2% less than in August and 1.8% below June prices. The INE Housing Price Index serves as a contrast, although it arrives with a quarterly delay.
The Salamanca neighbourhood maintains its throne at 10,865 euros per square metre, despite a 1.2% drop over the last year. It is followed by Chamberí (9,159), Retiro (8,515), Chamartín (8,127), and Centro (7,771). At the other end, Villaverde stands at 3,365 euros and Usera at 3,628. Buying in the most exclusive area costs more than triple that of the cheapest district.
The largest increases are in the south. Villaverde leads with a 23.7% year-on-year increase, followed by Puente de Vallecas (+17.9%), Usera (+15.9%), Villa de Vallecas (+12.0%), Moratalaz (+11.3%), and Vicálvaro (+10.5%). In the price podium, only Chamartín (+4.6%), Centro (+3.7%), and Chamberí (+2.6%) show gains, while Salamanca (-1.2%) and Retiro (-0.7%) correct.
Five districts recorded their historical maximum in September: San Blas (4,146 euros), Latina (4,045), Usera (3,628), Puente de Vallecas (3,535), and Villaverde (3,365). Four of them are priced below half that of Salamanca.
The south of Madrid is not rising because it is desirable; it is rising because it is what remains within reach of the average buyer when the centre has become unattainable.
The key for the coming years lies in land. Developments in the southeast (Valdecarros, Los Berrocales, Los Ahijones, El Cañaveral) concentrate the largest pool of new housing in the capital and feed precisely into the districts where prices are rising the most. If urban planning processing is delayed again, pressure will continue beyond 2028.
Seven thousand five hundred euros per square metre separate Salamanca from Villaverde, a 223% difference. In a typical 80-square-metre home, this equates to moving from 269,200 euros in the cheapest district to 869,200 in the most expensive, excluding taxes, notary fees, or registration.
The next report from the portal and the INE Housing Price Index for the third quarter will indicate whether September was a summer bump.
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