Castellana is one of the six neighbourhoods of Madrid's Salamanca district. It stretches from Paseo de la Castellana in the west to Calle de Príncipe de Vergara in the east, with Calle de María de Molina as its northern edge. Its grid layout, inherited from the 19th-century expansion led by the Marquis of Salamanca, takes in some of the most sought-after streets in Madrid: Serrano, Velázquez, Núñez de Balboa, Juan Bravo and Ortega y Gasset.

Living in Castellana

Castellana is residential yet exceptionally well served. The Golden Mile, the shopping stretch of Serrano and Ortega y Gasset, brings together fashion houses, jewellers and restaurants, while the side streets keep a quiet atmosphere, with porter-staffed buildings and local shops. The Lázaro Galdiano Museum on Calle de Serrano is its main cultural landmark, and the AZCA and Nuevos Ministerios business district lies just across Paseo de la Castellana.

For transport, the neighbourhood is ringed by the Rubén Darío, Núñez de Balboa, Gregorio Marañón and Avenida de América metro stations, and numerous bus lines connect it with the city centre and the rest of Madrid.

The property market in Castellana

Homes range from stately early 20th-century buildings, with high ceilings, balconies and generous floor areas, to mid-century buildings with very practical layouts, often with a porter and parking. Apartments of over 200 m² and penthouses with terraces are common, along with occasional new-build or fully restored developments. Demand comes both from families looking for space in a central area and from international buyers who value its safety, services and connections.

With limited supply and a prime location, Castellana remains among the most valuable areas per square metre in Madrid. If you are looking for a home in the neighbourhood, browse our selection of luxury apartments for sale in Castellana or contact the BARNES Madrid team to hear about off-market opportunities.