Published 20/09/2016 by Carrie Frais

The benefits of investing in Barcelona Real Estate

Guest blogger Patrick Rogers investigates Investing in Barcelona property and how real estate can provide opportunities for cash flow and retirement income.

Many foreign investors are moving into the market because of the value of investing there, which means that you should be doing the same thing before the majority of properties have been purchased and prices begin to climb out of reach of smaller investors. But what should you know first? Consider recent trends, and also the benefits you will have from Barcelona real estate investment.

Recent Barcelona Real Estate Trends

The most recent trends in real estate in Barcelona favour the seller, as foreign buyers have been flooding the market. Many of these buyers renovate or build luxury apartments downtown, and they resell them to investors. Some keep the properties and use them as rentals, or sell individual units. There are a number of ways these buildings can be profitable for the investor. In 2014, when much of the fervor around this type of investing in Barcelona began, the real estate market there was very depressed. Since that time it has enjoyed a significant recovery.

Both purchasing to renovate and resell, and purchasing to rent out, have become valuable ways to move into the market and be successful. Smaller investors must move quickly, though, as the market recovers and prices continue to rise. The number of buildings in downtown Barcelona continues to grow as investors move in and create highrises where there were once smaller buildings or vacant lots. Large buildings that were already there are also being purchased if they can be bought cheaply and renovated, so that they can turn a large profit for the savvy investor who buys and remodels them.

Benefits of Purchasing Real Estate in Barcelona

 There are a number of benefits to purchasing real estate in Barcelona. Investors who get into the market can often do so cheaply, even though real estate conditions are improving. There is a large demand for rental housing and for apartment and condominium buildings that are renovated and can be purchased, so investors who are willing to put in the time and money can generally make a strong profit. The tax structure is also favourable, making foreign investing in Barcelona a good choice that is affordable on many levels.

Buying real estate in Barcelona is not a deeply complicated process, and the ease with which real estate investments can be acquired is another benefit that the area has to offer. No matter what type of investment plans you have, considering real estate in Barcelona is an excellent way to add to your portfolio.

2015 proved to be a slight comeback year for real estate in most of the major cities in Spain, especially Barcelona.  As noted in Forbes, the housing index in 4th quarter 2015 was 1476 /m², which is still 40% less than the 2008 highs of 2101 /m².  The market has since experienced slight increases. These are not double digit growth yet, but may be in the near future as the economy continues to strengthen and signals such as the Spanish 10 Year bonds now trading at 1.5% versus 7.2%.  Just like any other government, this indicates a strengthening economy.

With over 27% of the investment real estate being bought by countries with strong economies and dollars, Barcelona real estate is a prime candidate to attract overseas Investors.  With real estate prices still quite low, Investors are able and more likely to purchase properties and be cash flow positive.

Patrick Rogers operates Asurent Property Management located in Ashland, Oregon.  To find out more about Asurent’s services, you can learn more by visiting here: Ashland Property Management.

Renovated 82 m² apartment with tourist licence to buy, Eixample Right

€400,000
BCN3403
4 bedrooms, 1 bathroom
Size 82m²

Modern, renovated apartment in move-in condition, located in a renovated building with a lift, camera surveillance, wheelchair access and a great location in Barcelona’s Eixample Right area. A great opportunity for an investor as the property already has a tourist licence and is currently rented out for short periods to tourists via Airbnb with a high occupation rate.

Brand new 2 bedroom apartment for sale in Eixample Left, Barcelona

€394,000
BCN3190
2 bedrooms, 1 bathroom
Size 57m²

This apartment is part of an exciting New Development, an excellent opportunity to acquire a brand new 2 bedroom apartment in Barcelona’s sought-after Eixample Left. Conveniently located within walking distance to Barcelona Sants train station, this property is ideal for those who need to travel regularly; trains take you to the airport in little over 20 minutes and high speed trains to many national and international destinations.

Charming apartment for sale in the heart of the Born neighbourhood, next to Paseo de Born and Plaza Comercial

€339,000
BCN1617
2 bedrooms, 2 bathrooms
Size 57m²

Very cosy loft-style apartment with plenty of character, located at the heart of the Born neighbourhood. The apartment has 1 bedroom and a mezzanine room, 2 bathrooms, an open kitchen and a spacious living room. The property benefits from natural light and offers an open plan kitchen and living room with access to te mezzanine at the entrance.

 

Gorgeous 2-bedroom apartment to be presented newly renovated with high ceilings and excellent finishes for sale in the Gothic Quarter

€425,000
BCN2551
2 bedrooms, 2 bathrooms
Size 91m²

Located between Via Layetana and Las Ramblas, with 2 metro stations on the doorstep, this property would make a wonderful pied-a-terre in the city, a lovely home for a couple or a great investment as it is presented in move-in condition with furniture and ready to be rented out.

Designer 2-bedroom apartment for sale in the Diagonal Mar area of Barcelona, with a parking space and a storage room

€480,000
LFS1277
2 bedrooms, 1 bathroom
Size 63m²

Designer apartment for sale in the exclusive Illa del Bosc development in Diagonal Mar. Private terrace, communal area with a swimming pool, gym and tennis courts. The price also includes a parking space and a storage room.

Find out what your property could be worth with a free valuation request from a member of our experienced property advisory team.

Free property valuation

Get the Lucas Fox property newsletter for exclusive news, insight and analysis

Join mailing list Join mailing list