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
The apartment is 185m2 with a living room of 40 meters with large windows, a kitchen of 24 m2, a bedroom with dressing room, 4 bedrooms with fitted wardrobes, two bathrooms. The apartment is in good condition, with natural oak parquet, oak carpentry, electric shutters in the windows, heated sleep throughout the apartment and fitted wardrobes.
795 000 €
The apartment is located in Barcelona next to the Parc de la Ciutadella. The apartment is in an old building with high vaulted ceilings. There are 6 apartments in the building. These apartments were completely renovated in September 2017. The apartment has an area of 75 m2, 2 bedrooms and a bathroom, a living room with access to a small balcony with a good view and equipped kitchen.
355 000 €
136 m2 apartment in an old building with elevator, which was completely renovated. The apartment is located in the center of Barcelona, 5 minutes walk from Passeig de Gràcia and Plaça Catalunya. The apartment consists of a spacious living room with access to two balconies, kitchen with breakfast bar, 2 large bedrooms, one with bathroom en suite bathroom with shower and Jacuzzi, walk-in closet and access to the balcony. The apartment has a heating and air conditioning system. The apartment is located a few meters from the metro station and the train station.
795 000 €
Apartment is undergoing renovation in Barcelona in an old building near the metro station and the University Square. The apartment has an area of 80 m2 with open living-dining room with access to the balcony, large hallway, 3 bedrooms, 1 bathroom with bath and toilet, located in one of the most beautiful streets of Barcelona. The building of the year 1900 was completely restored, there is an elevator.
420 000 €
Apartment in the Eixample area of 110 m2, located near one of the most popular attractions of Barcelona - Sagrada Familia. In the area there are subway stations, schools, shops and food markets. The apartment measures 110 m2 with 4 bedrooms and 2 bathrooms. Living room of 22 m2 with access to a balcony of 11 m2 overlooking the street. New kitchen
450 000 €
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?