Barcelona is one of the most popular European holiday cities. Great seaside destination, mild climate, plenty of real estate offers available especially for those, who are ready to pay for the comfort, location and space when thinking about property in Barcelona. The real estate market in the capital of Spanish Catalonia is mostly driven by foreigners, willingly investing in Mediterranean housing. This city successfully combines relaxing resort atmosphere with all the advantages provided by the multinational European metropolitan city.
Real estate for sale in Barcelona had been in demand in the 2000’s but then in 2007 the global crisis caused a severe decline of housing prices. The average cost per square meter had fallen by almost 35% since then. Today the first signs of recovery, or at least of bottoming out, have begun to appear as decrease has stopped and overseas property buyers came back.
A cosmopolitan city with well-being climate and good transport connection with Europe may become an attractive place to set up second home. Properties in Ciutat Viella and Les Corts are the most expensive and today are rarely purchased by the Spaniards themselves as the overall level of unemployment in country is high, but these areas are in demand among wealthy foreigners buying property in Barcelona and looking for luxury, respectable neighborhood, developed infrastructure and noble society. The Gracia or Eixample areas are less splendid, but anyway central and nice places to stay. The bedroom districts of Sant Andreu and are far from the center but offer cheap housing in standard residential complexes.
Two bedroom apartment of 49 sq. m. with kitchen and lounge may be purchased in Barcelona for €60,000. It’s not the best example of property for sale in Barcelona as it’s really tiny and is located in Sant Andreu district. The same square meters but being purchased in the central Raval district in walking distance from Las Ramblas worth €87,000. It is not high of compared with average Barcelona real estate prices as it’s a banking offer but the future owner may invest the additional money into renovation.
The houses prices in Barcelona start from 450,00 and reach to several million. Those lucky owners, who purchase such property will never regret and will never get bored as his home is located in the most beautiful EU city.