Barcelona has the most dynamic residential real estate market in Spain

Barcelona has the most dynamic residential real estate market in Spain

Although the number of transactions will help maintain this frenetic activity in 2017, prices will rise by 9% in the sales sector and 8% in rental housing. This is one of the conclusions of the Informe de mercado Barcelona 2017 published by the German firm Engel & Völkers, who forecast growth at two rates over the next few years.

While the best areas of Sarrià-Sant Gervasi, Les Corts, Eixample, Ciutat Vella, Gracia and Diagonal Mar, which are between 80% and 90% in respect of their record maximums, they will hit a ceiling in a few years in order to undergo a phase of consolidation; the remaining districts of the city and the municipalities in the metropolitan area will still tend to increase at between 50% and 60% in respect of their record highs.

The study, presented today by Oriol Canal, general director of the Metropolitan Market Center (MMC) at Engel & Völkers in Barcelona, points out that  “although international demand retains its strength, in the last year local business has increased to become 60% of purchases”.

If 2016 was the year of the take-off of the building of new developments, 2017 will see an explosion in the segment of new work and renovation in Barcelona, a city which will be regarded by large international real estate funds as the ideal European capital in which to invest.   




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