GLOPRAGlobal Property Radar

Spain house prices by district: Recoletos in Madrid at €10,952 per m²

Spain's statistics institute has published district-level prices and rents: the dearest square metre costs €10,952 in Madrid, the cheapest 783 euros in Murcia.

The facts

  • The national statistics institute released its 2026 urban indicators on 21 October, covering dwelling sale prices for 2025 and rents for 2024 at municipal and district level.
  • The dearest district in Spain is Recoletos in Madrid at €10,952 per square metre, followed by Castellana at 9,624 euros and Almagro at 9,438 euros, all three in Madrid. The cheapest is Murcia sub-city district 6-A at 783 euros.
  • Among municipalities above 20,000 inhabitants the most expensive homes are in Calvia at 981,485 euros, Pozuelo de Alarcon at 907,270 euros and Santa Eularia des Riu at 888,800 euros. The cheapest are Puertollano at 57,698 euros, Mieres at 61,233 euros and Langreo at 62,838 euros.
  • Between 2013 and 2025 the largest price gains were in Tias at 180.6%, Marratxi at 179.6% and Torremolinos at 176.5%. The largest falls were Puertollano, down 40.2%, Crevillent, down 29.3%, and Mieres, down 19.5%.
  • The highest average monthly rent for a main residence is in Pozuelo de Alarcon at 1,499 euros, the lowest in Lalin at 330 euros. Of the 100 districts with the highest monthly rent, 94 are in Madrid or Barcelona.

What it means for your money

  • The spread inside one country is 14 to 1. The same square metre costs €10,952 in Recoletos and 783 euros in a Murcia district.
  • Yield is what that spread actually decides. Glopra data put the Spanish average at 3,390 US dollars per square metre on a 6.19% gross rental yield, and prime Madrid trades at a multiple of that average while its rents do not.
  • Costs bite hardest at the top end. Transaction costs of 15.3% and purchase tax of 8% on the Glopra figures mean a buyer in Recoletos needs several years of growth before the position breaks even.
  • For an owner already in, the twelve-year record is the warning. A Puertollano holder is down 40.2% since 2013 while a Tias holder is up 180.6%, in the same country under the same tax rules.

What to watch

  • These are 2025 prices and 2024 rents, so they describe where the market arrived rather than where it is today. The quarterly indices remain the current read.
  • The rent indicators exclude the Basque Country and Navarre, for which the institute reports no data.

Sources: INE https://ine.es/dyngs/Prensa/UA2026.htm

Market data: Almeria · Murcia (Costa Calida) · Spain · Las Palmas