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The real estate market in Barcelona

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The supply and demand for flats in Barcelona is always very dynamic. Gradual growth expected for 2021 after the health crisis. New trends predominate in the urban market, such as in the city of Barcelona, ​​many of them originated by the pandemic, such as the search for properties where you can have an office, balconies or terraces where you can go out, and get some fresh air.

The purchase of real estate by the foreign market has decreased, not only in Barcelona ​​but throughout Spain. Brexit with the pandemic has played an important role in this reduction. The British market has fallen,it currently constitutes 13% of foreign buyers in Spain.

According to the Tinsa IMEI Local Markets report, the average house price in Barcelona city registered an annual variation of -1.6% during January-March 2020.

New construction in Barcelona is in high demand. On the other hand, it is also possible that some promotions in the city of Barcelona delay their start date if the market circumstances so recommend.

In the second-hand real estate market, great opportunities can be found for inheritance reasons and economic problems caused by the pandemic. There will be more owners who need liquidity and want to sell their properties in Barcelona.

We find a great rental offer in Barcelona, since there are people who thank remote work have moved to greener areas or further away from the city by renting their flats in Barcelona city.
In any case, the real estate sector in Barcelona suffered greatly in 2008 and now in 2019, but as encouraging news, gradual growth is expected during 2021.

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