27. As with any property market, location is key. Given the price reductions since 2007 prime central locations in Barcelona represent excellent value and will be the first to see price rises when they happen. The traditional buyer nationalities from Northern Europe and the UK are still dominant but the major change in the last few years has been the significant increase in the number of non-European buyers, predominantly from South East Asia and the Middle East. New build properties are currently most sought after but due to the lack of construction in the last few years demand for the best properties is currently outstripping supply.
Prices have fallen by up to 40% in some areas of the city but, in the last 12 months, these prices have stabilized. Some recent figures suggest that, in some of the most desirable areas of the city such as Eixample and the beachfront, prices for the best properties are starting to creep up again. The key change in the Barcelona Residential market during 2015 will be the return of quality new build residential developments which have not been seen on the market for several years and where demand currently outstrips supply.
BARCELONA PRIME PROPERTY RENTAL MARKET Beachfront rental properties saw the greatest climb in average rentals in 2014, ending the third quarter on €22 per square meter, up from €20 per square meter in 2013. Ciutat Vella also increased by €1 to end the third quarter on an average of €19 per square meter. Zona Alta and Eixample both fell significantly; both districts averaged €16 per square meter at the end of Q3 2014, which may be affected by reductions in demand following the summer months. Calculations of gross rental yields for prime market properties were 4.32% in Ciutat Vella and 4.56% in Eixample.
TOURISM AND FOREIGN INVESTMENT The countries of origin of international buyers of Barcelona prime residential properties have been evolving over the past two years. While UK and Northern European buyers from Germany and France continue to purchase prime properties, interest from other key non European markets has fluctuated each quarter in 2014. The number of purchases by Russian clients has slowed, while the number of transactions with Middle East, Asian and US clients have increased again. The Middle East, China, Australia and Switzerland remain particularly strong new growth markets, with Middle East buyers accounting for 12.5% of all purchases in 2014.
[Article written by Pablo Ruiz - Urban Oasis Business Partner]
28. Whatever your plans are this weekend, wether it is to hit the gym, cook that special recipe, meet friends, spend time with family or just chill out at home, don´t forget to google www.urbanoasis.es and see all the latest news and properties in Barcelona. Be the first one to know!
29. Spring is finally here! Barcelona is witnessing the thousands of tourists invading its streets. Sunglasses, shorts, caps and cold drinks are becoming daily the only thing you see now. the economic recuperation is now a reality. The Spanish economic Ministry has recently released last years figures with more than 47 million euros invested in real estate last year and Barcelona is one of the main cities where this investment is happening. The vibrance, cosmopolitan feeling, the location and how easy it is to get here form any point of the world are just a few reasons why Barcelona is becoming the MUST place to visit and live in Europe. Visit the latest properties in Barcelona at www.urbanoasis.es
Hi! I´m Carolina, I hope you enjoy this blog on my recommendations about living in Barcelona and loving the experience! I´m originally from Barcelona but spent most of my life abroad (France & the UK). Real Estate Entrepreneur and Blogger, I have a double major in Political Science and Urban Estate Management. I love sushi and my favourite colour is pink. I am crazy about stationary and love discovering new tea flavours and now... in love with Barcelona!
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