Chamberí

A French name and a 19th-century district

According to the City Council, Chamberí takes its name from the French "Chambery" regiment, which camped in the area during the War of Independence. The district emerged from 1860 north of the city wall, which had just been demolished, and dates from the same period as Salamanca and Argüelles.

From cemeteries and water tanks to a residential district

The City Council records that the Cerropimiento mound held cypresses and mausoleums from several cemeteries, and that in the mid-19th century the Canal de Isabel II reservoirs appeared nearby, surrounded by gardens. Development was not quick: work around Glorieta de Quevedo began in the mid-1820s, and the central area was heavily renewed, as in Plaza de Olavide, where the market was demolished in the 1970s.

Streets with a character of their own

Calle de Fuencarral, between Quevedo and Bilbao, has a concentration of cinemas, according to the City Council. On the old square, now Plaza de Chamberí, stood the Marqués de Santiago's country house with its "columns" house, where the District Board now sits. The six neighbourhoods are Gaztambide, Arapiles, Trafalgar, Almagro, Ríos Rosas and Vallehermoso.

What it means for buyers and sellers

• In July 2026 it is the 2nd most expensive of Madrid's 21 districts by median closing price, behind only Salamanca.
• It is an extension district whose layout and building periods differ by neighbourhood: compare homes in the same neighbourhood and of the same type, not the district average.

Source for the historical context: Madrid City Council (Chamberí district page).

Data and statistics

Chamberí is a district of Madrid. It is made up of 6 neighbourhoods: Almagro, Trafalgar, Arapiles, Gaztambide, Ríos Rosas and Vallehermoso. According to the City of Madrid, it covers 467.92 hectares.

In July 2026, the median price of completed sales in the Chamberí district was €8,446/m². Since January (€7,937/m²), the figure rose in 3 months and fell in 3 of the 6 that can be compared: the path is uneven.

Among the 2026 figures published, the highest is May (€8,610/m²) and the lowest, February (€7,632/m²).

The report publishes a year-on-year change of +10.6% and a year-to-date change of +6.4%, with €7,636/m² in July 2025 as the prior-year starting point. They compare medians of different transactions in each period, not the change in value of the same home.

For reference, the July figure is above the one published for the municipality of Madrid (€4,757/m²) and for the province as a whole (€3,618/m²). These are medians for each area, not averages of the areas they contain.

This guide describes the figure for the area, not an individual home: valuing a property requires comparing similar homes. The report does not say how many transactions underlie each territorial median.

Territorial context: City of Madrid (Barrios de Madrid (Portal de datos abiertos del Ayuntamiento de Madrid); Panel de indicadores de distritos y barrios: Superficie (ha.) (Portal de datos abiertos del Ayuntamiento de Madrid)), accessed 2 November 2026. Official information, separate from the Huspy statistics.

Source of the statistics: Huspy Market Insights · Madrid, October 2026 edition. Completed sales, median in €/m²; not asking or rental prices. The edition date is not the data date.