I first started visiting Barcelona almost 20 years ago and it has a magnetic attraction that I have not experienced in many other cities – the only other place I would consider living in is New York. The unique mix of breathtakingly beautiful architecture, a deep rooted culture, award-winning gastronomy, a burgeoning creative and business hub AND being located on the Mediterranean has not surprisingly earned it the title of Europe’s leading urban resort. fDi Magazine (part of the Financial Times group) recently put Barcelona top of the list of Spanish cities and 5th overall for attracting foreign investment, with 124 cities and regions in the running. Thanks to competitive mortgage lending, low interest rates, property prices still substantially cheaper than other major European cities and a growing local economy, the property market is performing very well and I believe it will continue to do so for the coming years.
With your €650,000, you might want to think of investing it in one of these 3 up-and-coming areas in the city.
Prior to the Olympics, Poblenou was an abandoned industrial zone with its back to the sea. The district, just a 5 minute cab journey from the centre of the city, has since been transformed into a vibrant cosmopolitan hub brimming with international restaurants and bars, just moments away from Barcelona’s beautiful beaches. Some of the former textile warehouses have been transformed into stunning loft-style homes which would not look out of place on any of London’s wharfs.
Poble Sec / Montjuïc
Slightly off-the-beaten track for most property seekers but still within walking distance to the centre, Plaza España, the Port and the beach and a stone’s throw from two of the city’s best restaurants, Tickets and Pakta (both with Michelin stars). Traditional and modern properties sit side-by-side in this quiet residential district and prices are more affordable than the more popular enclaves of Eixample and Barcelona Old Town.
The Maresme is the coastal area directly north of Barcelona city, linking Barcelona with the better known Costa Brava. Just 20 minutes from the city centre, it boasts over 50 kilometres of sandy beaches and more than 4,000 hectares of stunning protected Natural Park. The region is also easily accessible being equidistant from Girona and Barcelona airports. Prices in the Maresme are more affordable than other coastal and inland areas around Barcelona city.