Barcelona – Europe’s new property investment capital?
Spain’s second largest city has always been bursting with life, but never so much as it is now. Unbeatable cuisine and a vibrant nightlife, world-class art and design and an unrivalled lifestyle that most can only dream about, it is no wonder that Barcelona is often cited as the world’s top city in which to live and work.
And now a buoyant real estate market can be added to this ever-growing list of Barcelona’s benefits.
As with the rest of Spain, Barcelona real estate was hard hit by the financial crisis of 2008 but nearly 10 years on, the property landscape is much brighter. Property prices are still attractive and the recent healthy price increases signal great potential for capital appreciation. The local economy is healthy, interest rates remain low and there are numerous competitive mortgage deals around. All this added to the aforementioned lifestyle benefits has meant that Barcelona real estate has become an enticing proposition for property investors.
“Despite the recent increases that Barcelona has seen, the Catalan capital is still good value compared to other major European cities with the added bonus of offering incredible lifestyle benefits. Barcelona still offers very accessible property prices to the international investor.”
Isabel Osorio, co-founder Atipika
At around €4,000 per square metre, the average price of a property in Barcelona is still significantly lower than prices in London, Paris or Rome. But there still remains a shortage of New Developments and fully refurbished buildings, despite a ban being lifted for new applications. These are the homes most in demand, says Isabel Osorio, mainly for their ‘lock and leave’ status and potential for capital gains.
Due to the overwhelming demand by tourists for holiday rental accommodation, the city hall is now only issuing new licences for short-term rentals on the very outskirts of the city but there are good returns to be made on long-term rentals too – up to 6% in prime city areas. Barcelona (and indeed Spain as a whole) has the added appeal for non-EU property investors, thanks to the Golden Visa scheme, which offers Spanish residency in exchange for property purchases of €500 000 or more. Among the benefits are free travel in the 26-country Shengen zone and obtaining a work permit.
Fancy investing in this vibrant, exciting city? Here are Atipika’s Top 7 investment properties:
Superb Sant Antoni penthouse for sale with air conditioning and wooden floors
This 30m² designer penthouse, located in Calle Tigre, includes a 12 m² terrace, a living / dining room with a fully equipped kitchen, 1 double bedroom and a bathroom with a shower. Features include air conditioning and wooden floors. This bright and cosy flat is east-facing, overlooking the street in one of Barcelona’s most exciting districts. A great opportunity for investors thanks to good long-term rental potential. Sold furnished.
Brand new apartment for sale close to the Sagrada Familia – completion October 2017
This 67m² brand new apartment is situated in a building with a communal swimming pool and rooftop terrace. Located a few minutes from the Sagrada Família, this well distributed home comprises a living / dining area, an open-plan kitchen, 2 bedrooms (1 double, 1 single) and a bathroom with a bathtub. Features include wooden flooring, double glazed windows, heating and air conditioning, Sunny, bright and well connected, there is also parking and storage available. Well priced.
Wonderful 2-bedroom penthouse for sale close to Diagonal, with a concierge service
This bright 71m² south-east facing penthouse with a terrace is located close to Avenida Diagonal in the heart of Barcelona. The living / dining area offers access to the terrace and the apartment also includes a fully equipped kitchen (with vitro ceramic hob, oven and fridge), 2 bedrooms, 1 bathroom (with a bathtub) and a terrace. Features include wooden floors, air conditioning and gas heating. The building also offers a concierge service. Great investment opportunity!
3-bedroom apartment for sale in sought-after Sarrià
This charming 133m² apartment is located close to the emblematic Avenida Diagonal and the L’Illa shopping centre. It comprises a spacious living / dining room with access to a balcony, a separate kitchen with a utility room, 3 bedrooms (2 double and 1 ensuite), 2 bathrooms and a WC. Features include wooden floors, fitted wardrobes and central heating. The apartment overlooks the street and the building offers a concierge service. An optional parking space in the same building is also available. Centrally located, well connected and well priced.
Superb investment opportunity close to Avenida Tibidado
This 146m² renovated duplex apartment with a private terrace is situated in a brand new building in one of the most prestigious areas of the city. Located just a few minutes from Avinguda Tibidabo, this wonderful home offers access to the main highways and public transport links. The spacious living / dining room gives way to a terrace and the open-plan kitchen includes an oven, microwave, smoke extractor and glass-ceramic hob. There are 3 bedrooms (1 ensuite with a dressing area, 1 double and 1 single) and 3 bathrooms. Features include fitted wardrobes, underfloor heating, air conditioning and double glazed windows. Parking and storage is also available. The property available from the end of 2017. Good price and excellent investment opportunity.
Diagonal Mar apartment for sale situated near the beach with parking and storage
This 90m² apartment with a terrace is situated next to the Parc de Diagonal Mar, 2 minutes’ walk from the beach. The communal areas include a garden, 2 swimming pools, 2 padel courts, and a gym. The apartment comprises a living / dining room, an independent kitchen (including a fridge, dishwasher, oven and microwave), a utility area (with a washing machine and dryer), 3 bedrooms (1 ensuite and 2 singles) and 2 bathrooms (with a bathtub). Features include marble floors, high quality finishes, heating, air conditioning, parking and storage. This is a sunny, bright and well connected apartment and is a good opportunity in a well located district.
2-bedroom contemporary apartment with original features and a communal terrace for sale in central Barcelona
This 127m² bright home is situated next to Avinguda Diagonal in the heart of Barcelona. It comprises a living room, a separate dining room, an independent kitchen, 2 bedrooms (1 ensuite and 1 double), 2 bathrooms (with a shower), a WC and 2 balconies. There is also a fantastic communal terrace. Features include tiled floors, air conditioning and high ceilings. Bright, modern and well connected, this is a great investment opportunity for those wanting a city centre pad with access to the best amenities on your doorstep.
Do not hesitate to contact us if you are interested in investing on property in Barcelona, we will help you find the property you want.