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Barcelona offers Cosmopolitan vibes, beautiful beaches, mountains and the Meditteranean climate. Therefor it is well known.
Less known is the perfect climate for investing.
For various historical reasons Barcelona did not reach yet the average price per M2 for European Capitals. We believe that correction started 2 years ago.
Closed in between the Mediterranean sea and the mountains Serra de Col Serola, the footprint of the city is fixed. Since M2 is limited, and gentrification is on-going, we believe prices will internationally adapt over the coming years.
Barcelona has all ingredients to become a true Metropolitan sized and prized city.
Since the peak in 2007 the market declined 40% and is inclining since 2 years with an average of 7% yearly.
The average M2 price in Barcelona differentiates the local buyers versus the more demanding foreign buyers. In general one could say that the local market has lower demands in housing than the foreign buyer desires.
Foreign investors paying between 5k – 8k per M2 versus local buyers from 4k – 6k per M2. This mark up in pricing is justified by the quality of the properties.
Comparing Barcelona to Madrid, Paris, Munich or Amsterdam; pricing from 9k – 12k per M2 look more appropriate for an international hub as Barcelona. We firmly believe that any quality purchase over the coming 2 years is an excellent long term investment. As well as to use as rental property as for private use.