The average price of the high-end residential market in Madrid could exceed 30,000 euros per sqm by 2030 if the growth trend recorded over the last ten years continues, according to the Luxury Homes 2025 report prepared by the consultancy firm Colliers. Since 2015, the value per sqm in this segment has increased at an annual rate of €1,550.
The study analyses both the Branded Residences market and new luxury developments priced at over two million euros. Currently, there are 153 homes of this type on the market, distributed among 22 projects. 55% of the supply is concentrated in the Salamanca neighbourhood, followed by Chamberí, with 23%, while El Viso and the central area account for the remaining 23%, consolidating themselves as areas of interest in the face of the scarcity of product in the more traditional locations.
Victoria García Carranza, Director of Residential Sales Advisory at Colliers, points out that ‘the increase in the number of projects in these two areas shows, on the one hand, the supremacy of the Barrio de Salamanca in high-end housing, followed by Chamberí, and on the other, a clear trend of geographical expansion of the market in the face of the shortage of buildings in prime areas. Developers are opting for the refurbishment of historic buildings in the city centre and exclusive developments in metropolitan areas’.
The supply has grown significantly compared to the report published in December 2023: the number of homes has increased by 233% and the number of developments by 69%. One of the projects that has driven this rise is Torre Castelló, the first residential skyscraper in the Salamanca district, promoted by BlackRock and Grupo Lar, and marketed by Colliers.
By segments, 47% of the supply corresponds to Premium category homes (between two and 3.5 million euros), while 19% is in the High-End range (between 3.5 and five million). Ultra High-End homes, with prices above five million euros, represent 34% of the total and reach maximum prices of over 27,000 euros per sqm. In the High-End range, the maximum price is around 19,000 euros per sqm.
‘While London maintains its leading position in the high-end residential market, Madrid has been rapidly gaining ground, offering more competitive prices and attractive investment returns. This dynamic has led international investors, especially from Latin America and the United States, to consider Madrid as a viable and profitable alternative to other European capitals,’ says Luis Valdés, managing director of Residential Sales Advisory at Colliers.
Colliers expects this trend to continue, driven by the entry of new international investors, an increasingly diversified supply and a growing consolidated demand.
