Real Estate Agency in Retiro, Madrid

What you can buy in Retiro

The district is almost entirely apartment living. Most of the properties were built before 1960, according to idealista. That means stately buildings with high ceilings near the park and blocks from the seventies further inland, in Niño Jesús.

• Renovated apartment near the park: this is the most sought-after product and the one that sets the highest prices.
• Penthouse with a terrace: there are listings with views of the Retiro in the Ibiza neighbourhood that exceed 3.9 million euros.
• Entry-level apartment: in Pacífico and Adelfas there are one- and two-bedroom properties at much lower prices.

There are no significant detached houses and hardly any new-build. That limits supply and supports prices.

How much a home in Retiro costs in October 2026

The sources do not match to the cent, because they measure different things (asking price, valuation or district average).

• idealista, August 2026: 8,444 €/m², 0.5 % lower than a year earlier. The all-time high was 8,579 €/m² in September 2025.
• Fotocasa, October 2026: 8,704 €/m², the third most expensive district in Madrid after Salamanca and Chamberí.
• idealista valuation, September 2026: 7,671 €/m².

After the sharp rises of 2025, the market has stabilised. In 2026 the sale price is moving within a narrow band, without big jumps. Using the August figures, an 80 m² apartment averages around 675,000 €. Quality renovations and high floors with views comfortably exceed that average.

Renting in Retiro

The average rent according to idealista was 24.0 €/m² a month in September 2026, 2.5 % more than a year earlier and an all-time high for the series. Fotocasa gives a slightly lower figure, 22.7 €/m². For a 70 m² apartment, that comes to between 1,600 and 1,700 € a month.

Listings for two-bedroom, 70 m² apartments next to the park reach 3,500 € if furnished and renovated. Rental demand comes from families in transition, professionals and mid-term stays. With purchase prices this high, the gross yield is modest. Here you invest mainly for the value of the asset and its liquidity.

A district split in two

The difference between neighbourhoods is huge. A pisos.com reference for the first quarter of 2026 put Jerónimos above 9,400 €/m² and Adelfas at around 4,400 €/m². That gap of more than 5,000 €/m² is the key to understanding Retiro.

• The Jerónimos and Ibiza axis, next to the park and Goya, concentrates the prime product.
• Niño Jesús is the residential, family heart of the district.
• Pacífico, Adelfas and Estrella offer entry-level prices and newer housing in Adelfas.

Before viewing anything, it is worth settling on the neighbourhood. Two apartments "in Retiro" can differ by 300,000 € for the same square metres.

Transport and amenities

Retiro has around 118,000 to 120,000 inhabitants in 5.5 km² and six neighbourhoods. Atocha station, with Cercanías and high-speed trains, is on the edge of the district, in the Pacífico neighbourhood.

• Metro line 6: O'Donnell, Sainz de Baranda, Conde de Casal and Pacífico.
• Metro line 9: Ibiza, Sainz de Baranda and Estrella.
• Line 1: Pacífico and Puente de Vallecas, in Adelfas.
• Hospital Gregorio Marañón, around O'Donnell, a short walk from the Ibiza neighbourhood.

Everything is done on foot, with the Parque del Retiro as a playground and the Paseo del Prado as the western boundary.

How Aurovas works in Retiro

Our portfolio in the district is 12 apartments for sale, between 569,000 € and 3,409,000 €. There are examples on streets such as Narváez (numbers 72 and 84), Ibiza (52), Lope de Rueda (29) and Alcalá (161). We currently have no rentals listed in Retiro.

We help you compare neighbourhoods, check the asking price against recent closing prices and decide whether renovating is worthwhile. If you are selling, we value your apartment using comparables from your own street. We cover Madrid with our team in the city.