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
Apartment located near the Turó Park in Barcelona, located 10 minutes by car from the Paseo de Gracia. The surface of the apartment is 453 m2, apartment of 6 bedrooms, 7 bathrooms, large living room, large terrace, a dressing room. Modern kitchen is equipped with all necessary appliances. The apartment is equipped with air conditioning, also has gas central heating.
4 000 000 €
Spacious apartment in the neighborhood of Born (Ciutat Vella), is located near the Palace of Music, Plaza Urquinaona and is close to the cathedral and Plaza Catalunya.The apartment is located in an old renovated building, apartment of 108 m2, 2 Bedrooms, 2 bathrooms, living room, kitchen with all necessary appliances, heating and air conditioning. The property is ready to move in, the renovation was completed in April 2017.
875 000 €
Apartment located on the top floor with a large terrace. Large and bright apartment of 112 m2. Located 150 meters from Paseo de Gracia. Upon entering the apartment is the hall, followed by the living room, dining room with direct access to the terrace, equipped kitchen, 2 bedrooms, 1 bathroom and a toilet. The apartment is air conditioned and has heating. A 5 minute walk from the metro station.
795 000 €
The residential complex of Diagonal Mar is located in front of the beach and the promenade of Barcelona. The complex has two swimming pools, one for adults and one for children, a paddle tennis court, children"s playroom, gym, party room and celebrations, 24 hour security. It is surrounded by parks, so the views are very nice. In about 5 minutes on foot there is a large shopping center and a metro station. The historic part of the city is 10 minutes by car.
Flat of 131 m2 of which 51 m2 of terraces. Apartment with 2 bedrooms and 2 bathrooms, large living room, fully equipped kitchen. The apartment has heating and ...
1 100 000 €
Luxury apartment located in one of the best areas of Barcelona - Turó Park, the area is distinguished by its excellent location, close to the center, yet the area is quiet, peaceful and prosperous. The neighborhood attracts buyers from all over the world with its excellent infrastructure.The total area of 500 m2, has 5 bedrooms, 4 of which are rooms with bathroom, dressing room, living room, dining room, large equipped kitchen, a total of 6 bathrooms, studio, have a cinema room, a library, a Terrace of 40 m2. 2 parking spaces and storage included in the price of the apartments. The apartment is in excellent ...
3 500 000 €
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?