Buying a home in Barcelona as an investment property is a guaranteed success. The figures bear this out. If in Madrid, 25% of sales transactions are property investment, in Barcelona this percentage is almost the double. And, according to experts in real estate, the profitability that can be get in a rental can eventually reach up to 9% or even more, if it is intended as a tourist apartment. This fact is well known by the foreign investors, responsible for most of these operations.
Thanks to the success that the city has reached during the last years, Barcelona is becoming more and more attractive across the borders. This is also reflected in the figures: 42% of the transactions registered in the Barcelona real estate investment are made by foreign investors, according to the thirteenth report on the housing market prepared by the Tecnocasa group and coordinated by the professor of the UPF José García Montalvo.
Attracted, then by the tourist status of Barcelona and, also, by the Law of Entrepreneurs which grants the right of residence to non-EU citizens who invest more than half a million euros in property, the foreign investor is one of the main drivers of the real estate market in Barcelona. The location, the peculiar character of the houses, the international prestige of Barcelona will add to the real estate products of this city a unique potential market value.
The favorite areas of investors, according to the report, are those that they consider most likely to get a revaluation, either by location or by tourist attractions. This is the case, for example, of the Gótico and especially of the Barceloneta neighbourhoods, where 84% of purchases made in the first half of this year were for investment, according to the study. Although a few years ago it seemed impossible to live in the heart of Barcelona, now has become one of the most popular city to enjoy an urban life. There you can find from attics with terraces, where you can enjoy the multicultural and cosmopolitan Barcelona, to renovated lofts and apartments or spacious houses where you can unleash your dreams with family and friends.
Rises in prices
This thrust of real estate investment has also promoted the rise in prices in Barcelona during the first half of the year: the price per square meter recorded a 9.45% increase when the Spanish average was of 7.99%. In addition, the report highlights that this is the fourth consecutive quarter of rising prices. So, is it time to sell your house in Barcelona? Are you thinking of buying a house in Barcelona as an investment property?
In either case, if you are thinking of selling your home or invest in a home in Barcelona, our fundamental advice to the success of the operation, especially if you’re not an expert in the sector, is to trust your operation to a state agent with knowledge of the area in which you want to invest. This will avoid unnecessary risks and allow complete all the real estate transaction smoothly and within the desired timeframe. Casc Antic has more than 30 years of experience in real estate and more than 12 in the old town of Barcelona, so we can guarantee that we are the real estate company in this area of the city. In Casc Antic we will advise you from the beginning of the process of the real estate investment or sale of your house until the signing of the sales contract, plus we will help you to rent the house. We have the necessary tools and put all our efforts to select the best tenant to provide the best guarantees of payment and, above all, peace and security.