Why Buy a Flat in Barcelona?
It is now widely reported that the property market in all of Spain is expected to return to a much more robust condition, but some hotspots are already seeing the benefits of an improving economy. Chief among these is the capital of Catalonia which has done reasonably well even through the economic downturn of the last decade. Due to the availability of work, one of the chief reasons that investors might buy a flat in Barcelona is to let it. Rental yields are impressive given the relatively low cost of property in the city plus the demand for decent living quarters from the local population.
Flats in Barcelona published recently
Luxury apartment with an area of 140 m2 located in one of the most beautiful squares of Ciutat Vella, very close to Plaza Cataluña. The building where the apartment is located was built in 1946 and was completely renovated in 2017. During the renovation of the building an elevator was installed. Apartment 3 meters high with 4 terraces. Spacious living room with a large open kitchen and a large dining room, of which magnificent views of the area. Three bedrooms, one of which has its own bathroom. The apartment also has a laundry area and a separate toilet. The apartment is delivered complete, including SMEG ...
890 000 €
Apartment renovated in the Eixample of Barcelona. Apartment of 80 m2 with 3 bedrooms, one with windows facing the street and another 2 rooms have views to the yard. Equipped kitchen, large living room. The apartment is equipped with air conditioning. There is heating. The apartment was renovated in 2017.
400 000 €
Brand new apartment renovated with style and wellness finishes. Natural photocatalytic paint, high efficiency air filter in the cold / heat system in all rooms, low parket in VOC emissions, ceilings with led illumination and design appliques. Recovery of the original elements in ceilings and walls of the dining room and wall of the hallway.It consists of 3 interior rooms with light and ventilated courtyards; A master bedroom and 2 other multi-purpose rooms. One of them has access to a patio in which would be the laundry area. The designer kitchen is equipped with oven and microwave and multiple storage cupboards and ...
390 000 €
Surface is 128 m2 with 3 bedrooms and 2 bathrooms in Les Corts de Barcelona. The apartment is under repair, has a living room, kitchen, window to the street.The building built in 1975, is located 350 meters from the park, Diagonal Avenue and the shopping center, near the house there is a market, metro stations. The house has central gas, 2 elevators, air conditioning.
498 000 €
Apartment of 90 m2 located next to the Plaza de España, just 10 minutes walk and a large shopping center. The apartment has 4 bedrooms and 2 bathrooms. The windows of the apartment overlook a quiet courtyard. Just 3 minutes walk from Joan Miro Park. In the area there are shops and supermarkets, metro stations and bus stops.
325 000 €
See more Properties in Barcelona
Of course, if you are looking to buy a flat in Barcelona in order to rent it, then there are some key considerations. Mid and high-quality apartments are the most sought-after by renters and access to the city's underground train network is another consideration worth factoring in. Having said that, the ultra-low mortgage credit that is currently available means that flat buying in the city is relatively risk-free no matter where you happen to look.
For some UK investors, it is the unknown factor of Brexit which is causing an upturn in interest in Barcelona's burgeoning property market. With so much still unknown about the UK's relationship with the rest of Europe, some see overseas investment as a sound way of spreading financial risk. Should the pound weaken against the Euro once negotiations begin in earnest, Barcelona's property prices may seem impossibly high.
Therefore, many see now as the right time to invest. Should UK citizens face a rough ride with pound as it plummets and rallies, a more stable return in the form of Euros means that the riskier elements of Brexit are mitigated for. So long as the investment is made in an up-and-coming and easy-to-reach place like Barcelona, why not?