After several years of crisis that had led to Barcelona's real estate market collapse, foreign investors start to show interest to Barcelona housing, according to ee24.com citing noticia.ru.
One of reasons is the new Spanish law on the so-called "golden visa", under which non-resident of the European Union can get a residence permit in exchange for the investment in housing in the amount of at least €500,000. Our portal has selected Spain as one of the most promising European countries to purchase property in order to obtain a residence permit.
The housing market in the centre of the Catalan capital has almost hit the bottom, and in some areas prices have started to increase. At the same time the demand increases too. All indicates that it is good time to buy an apartment for resale. And the purchase to rent out will also be profitable: because of the crisis, many Spaniards can't afford to buy housing .
According to Nacho Castelo, head of Cat Real Estate, the profitability of apartment in the centre of Barcelona reaches 6%. Keeping in mind the reduction of deposits' rates, such placement of funds seems to be profitable to many buyers.