Barcelona and the real estate market: the city becomes "for the rich"
It is known that some particularly fascinating places are never affected by critical periods like the others. Whether it's summer or winter, high or low season, there are those active cities and especially under the viewfinder of investors 365 days a year. But often it can happen that, due to this great autonomy, the supply curve can move towards a well-defined target: that of future wealthier investors. All this is what is currently happening in Spain, precisely in one of the most beautiful and tourist cities: Barcelona.
In fact, in the first few months of 2019, on the real estate market, there was not even a house for less than 150,000 euros. This detail that apparently may seem marginal, in reality is a symptom of a truly significant change. The Barcelona Real Estate is changing shape, adapting to a new segmentation, that of the rich.
Already 2018 ended with a major increase in house prices even in Madrid, the capital, of 16.4%, a level that, on a national scale, has revealed itself with a good rate of 13% more.
After the collapse that had seen the protagonist of Barcelona, back in 2007, in 2014 Spain inaugurated a new era: that of a positive trend that seems to have reached the historical highs. The problem that arises from this situation, is given by the absence of a large and varied housing stock able to satisfy every request on the market, preferring obviously a narrower and more financially stronger circle.
The undisputed pressure of demand has caused a sort of '' funnel effect '' which drastically reduces the possibility of finding a new property both in Barcelona and in Madrid. Reason why, over time, the properties become demodé, while the needs of investors change and change in virtue of society, politics and even the surrounding environment.
Another area that best represents this situation so strong from an economic point of view but above all real estate, is the so-called '' Diagonal Mar '', an area where in 2018 sales were completed for 12,000 euros per square meter. Obviously we refer to ancient and luxurious villas and attics equipped with every comfort as well as with a wonderful sea view.
However, there are also facilities of a certain level, such as hotels, convention and commercial centers, not to mention the museums and private beaches that attract tourists from all over the world every year.
However, transactions are growing, with an increase in sales of 8% compared to 2017. The biggest investors of the Spanish brick are the Italians, followed by the Americans and the Germans.
What to say, it seems that the Spanish brick has become golden!
In fact, in the first few months of 2019, on the real estate market, there was not even a house for less than 150,000 euros. This detail that apparently may seem marginal, in reality is a symptom of a truly significant change. The Barcelona Real Estate is changing shape, adapting to a new segmentation, that of the rich.
Already 2018 ended with a major increase in house prices even in Madrid, the capital, of 16.4%, a level that, on a national scale, has revealed itself with a good rate of 13% more.
After the collapse that had seen the protagonist of Barcelona, back in 2007, in 2014 Spain inaugurated a new era: that of a positive trend that seems to have reached the historical highs. The problem that arises from this situation, is given by the absence of a large and varied housing stock able to satisfy every request on the market, preferring obviously a narrower and more financially stronger circle.
The undisputed pressure of demand has caused a sort of '' funnel effect '' which drastically reduces the possibility of finding a new property both in Barcelona and in Madrid. Reason why, over time, the properties become demodé, while the needs of investors change and change in virtue of society, politics and even the surrounding environment.
Another area that best represents this situation so strong from an economic point of view but above all real estate, is the so-called '' Diagonal Mar '', an area where in 2018 sales were completed for 12,000 euros per square meter. Obviously we refer to ancient and luxurious villas and attics equipped with every comfort as well as with a wonderful sea view.
However, there are also facilities of a certain level, such as hotels, convention and commercial centers, not to mention the museums and private beaches that attract tourists from all over the world every year.
However, transactions are growing, with an increase in sales of 8% compared to 2017. The biggest investors of the Spanish brick are the Italians, followed by the Americans and the Germans.
What to say, it seems that the Spanish brick has become golden!
