Penthouses in Madrid: Everything you need to know in 2025

How much does a penthouse in Madrid cost?

One of the first things we do when looking for a property is to look at the price range, and this is where many people are surprised because the prices of luxury penthouses in Madrid are usually high. However, as happens within the real estate market, much of the price depends on the area in which you are interested in buying.

These are some of the price ranges according to location:

• Barrio de Salamanca: This is the most exclusive area of Madrid and, therefore, one of the most expensive. Here, penthouses tend to have an average cost of 9.615€/m², with prices sometimes reaching 14.000€/m².
• Chamberí: This is a slightly more affordable option but still high-end. Prices are around 7.800€/m², depending on the exact location and characteristics of the penthouse.
• Downtown Madrid: If you want to live in the heart of the city, you should know that prices are around 7.034€/m².
• Retiro: The proximity to Madrid’s most famous park makes prices high, with an average of 7.600€/m².
• Tetuán: If you are looking for a more affordable option, this district offers penthouses at lower prices, around 5.229€/m².

According to data that were revealed in December 2024, the average price of housing in Madrid is around 4.952 euros per square meter. But you must keep in mind that this average includes all types of properties, so in the case of penthouses, Madrid capital, due to its exclusivity, is usually above this average.

In addition to the location, you should keep in mind that there are other aspects that can make the price of a penthouse vary considerably, so it is also possible to find cheap penthouses in Madrid. Now, we will explain some of the most important factors that influence the price:

• Size and distribution: A small 50 sqm penthouse is not the same as a 200 sqm penthouse with a 100 sqm terrace.
• Views and orientation: A penthouse with city or park views usually costs more than one with interior views.
• Terrace: The larger the terrace, the higher the price of the property.
• State of conservation: A newly renovated penthouse with high-quality materials can cost much more than one needing renovation.

Best areas to buy a penthouse in Madrid

If you are looking for a luxury penthouse in Madrid, you have many options depending on your budget and lifestyle. Here are some of the most popular areas:

• Salamanca: The most exclusive option, ideal for those seeking luxury and sophistication.
• Chamberí: A neighbourhood with classic charm, perfect for those who value tranquillity without giving up the proximity to the centre.
• Downtown: If you want to be in the heart of Madrid, surrounded by culture, leisure and nightlife, this is your best option.
• Retiro: For nature lovers, a penthouse in this area will allow you to be close to one of the most beautiful parks in Spain.
• Tetuán: A more affordable alternative that still offers good connections and services.

Luxury penthouses in Madrid: is it worth the investment?

Looking for new penthouses in Madrid? Well, if you are looking for an exclusive home, then a luxury penthouse in Madrid can be an excellent investment. Keep in mind that these properties not only stand out for its location but also for its unique features, among which we can highlight:

• Top quality materials.
• Spacious terraces with breathtaking views.
• Premium services such as swimming pool, gym and private security.

The price of these luxury penthouses can easily exceed 14.000€/m², and in some cases, reach up to 25.000€/m² in exclusive projects.

Much depends on the type of housing you want to access, but having a luxury penthouse in Madrid is always a guarantee of success. Not only for its possible location but also for the many possibilities it offers, and imagine a place where you can have at your fingertips everything you’ve always wanted.

Penthouses with private pool in Madrid: An attainable luxury

More and more people are looking for penthouses for sale in Madrid that include a private pool, especially during the summer months when temperatures in Madrid can be very high. This makes these properties even more exclusive.

But having a private pool in your penthouse is not only a luxury; it is also an investment. In general, the price of these properties is between 15% and 30% higher than that of a penthouse without a pool. In addition, if we talk about exclusive neighbourhoods such as Salamanca or Chamberí, the square meter can exceed 10.000€, which is not surprising considering the exclusivity of these properties.

The reason why this type of housing is increasingly in demand is due to the need to have a place to cool off in Madrid in summer, in addition to the luxury that comes with a pool in this type of urbanization. For those looking for something of this style, you should know that you will have to move to the neighbourhoods of Salamanca, Chamberí, Chamartín and Retiro, where most of the penthouses with swimming pools are concentrated, and that corresponds as mentioned above, to the high standing neighbourhoods.

New penthouses in Madrid: Are they a good option?

If you are thinking of buying a penthouse, one of the first decisions you must make is whether to opt for a newly built penthouse or a second-hand one. Both options have their advantages, but new construction has gained a lot of popularity in recent years because of the advantages they offer.

First of all, newly built penthouses offer modern design, high-quality materials and improved energy efficiency. This not only improves the comfort of the home but can also help you reduce energy costs in the long run.

In addition, buying a brand-new penthouse also means you will not have to worry about renovations or structural problems. Everything is new, with guarantees and ready to move in without complications.

Of course, this exclusivity comes at a price. Currently, new penthouses in the centre of Madrid range between 12.000 and 20.000€/m², depending on the area and the characteristics of the property. The main developers, such as AEDAS Homes, Neinor Homes and Metrovacesa, are betting on this type of project, especially in premium areas.

Surely, you already know or have guessed the answer to the question we launched, but we would like to emphasize that if you are looking for an exclusive home, the answer is yes, and it is a good option to have a new penthouse in Madrid. Only by the fact of having a home with first qualities already guarantees that the option is more than good, plus these homes are located in distinguished neighbourhoods and in which they live quietly, so if you are moving with your family, it is another point to consider.

Penthouses with terrace in Madrid: The key to urban attractiveness

The truth is that having a terrace in a penthouse is one of the greatest attractions that a house in Madrid can offer. It is not only an extra space but an ideal place to relax, enjoy the good weather and, in many cases, improve the quality of life.

If we talk about space, the surface of these terraces can vary quite a lot, although the most common is to find penthouses with terraces between 20 and 50 m². However, in some exclusive areas, it is possible to find penthouses with terraces exceeding 100 m², which adds significant value to the property.

Tips for buying a penthouse in Madrid and not to regret it

If you have already decided to buy a penthouse in Madrid, there are some aspects that you cannot overlook. First, look at the quality of the construction. Not all penthouses are the same and the materials and finishes can make a big difference in terms of comfort and durability of housing.

Another aspect to consider is energy efficiency. A penthouse with good insulation and a good air conditioning system that is efficient can save you a lot of money on electricity and gas bills. Also, keep in mind the community and maintenance costs since, in some cases, they can be high, especially if the building has additional services such as private security or a swimming pool.

It is also advisable not to forget to evaluate the different financing options. Depending on the bank and your financial profile, the mortgage conditions may vary significantly. Having the advice of a specialized real estate agent can help you make the best decision and avoid unpleasant surprises.

There are many more tips that we could give you, but there are several aspects that we would like to insist on so that you make the purchase consistently and do not overlook any detail that can make the difference between a good purchase and one that you may regret.

It is important that you evaluate the orientation and natural light of the house so you can see if the distribution of it fits you with respect to the position of the light and the day-to-day you can get to do in the house. On the other hand, check the maintenance costs you can get to have and that this type of housing tends to be more expensive, so find out correctly both the community fees and possible maintenance.

Madrid penthouse market trends for 2025

According to experts, a 5% growth is expected in 2025, 3% in 2026 and 2% in 2027, which means that investing in penthouses for sale in Madrid is still a very interesting option in the long term. In addition, the demand for sustainable and efficient housing is increasing, so penthouses with modern energy certifications can have a higher revaluation.

So, if you are thinking of buying a penthouse in Madrid, now you have all the information to make an informed decision. Do not forget that this type of housing is an excellent investment, both to live and to rent.