Apartments in Barcelona - secondary market
City location, climate, economy, and infrastructure
Barcelona is a port city in Spain, is the capital of the autonomous region of Catalonia in the province of Barcelona, is located in the northeastern part of the Iberian Peninsula, on the Mediterranean coast, lies on the hills that gave the city blocks their name.
The climate is subtropical. It is cool in January and February (on average about +12°C), in July and August it is especially hot (on average about +26°C).
In the economy, the service sector is considered a priority, in particular, services in the field of tourism, banking and others. Developed and significant industries for the city are: chemistry, pharmaceuticals, production of textiles, electronics, and cars. The port plays a significant role (freight and passenger traffic).
The city has an international airport 10 km from the center, the largest on the Mediterranean coast. Barcelona is also an important railway junction (station - Sants Estacio). There is a metro network (underground and on the surface), buses, trams, taxis, and also you can rent cars.
It is profitable to invest in Barcelona apartments on the secondary market
Barcelona has a wide range of apartments from owners, they are in demand among both tenants and buyers. Buying an inexpensive rental property is a profitable investment. Investment property is always interesting here, as apartments in almost all areas are growing in price, although the growth rate is uneven. Buying a resale makes sense in the most prestigious area as far as the budget allows. The most profitable thing is to buy a relatively cheap apartment in an elite location, albeit in poor condition, and, having made modern (inexpensive) repairs in it, sell it at a higher price. Profit can be about 15-20% of the original price after just a few months from the date of investment. Apartments in Barcelona are suitable for both leisure, study and permanent residence. There are many educational institutions and medical clinics in the city. Investors have the opportunity to earn on short-term rentals during the high tourist season and on long-term rentals.
The market offers the following types of apartments:
- studios - small economy class apartments with a zoned kitchen;
- one-room apartments or flats (classic type of living space, where the dining area is combined with the living room, or the kitchen and living room are separate);
- elite multi-room apartments on the top floor of a high-rise building (penthouses).
Prices for apartments in Barcelona
The cost of an apartment in Barcelona from an owner is estimated depending on the location, distance from the sea, the quality of the surrounding infrastructure, the year of construction, condition and other characteristics.
The average price per square meter is $6,000. According to GEOLN.COM, inexpensive apartments can be purchased at the following prices: 145,000 USD - an area of 65 sq.m, 315,000 USD - 165 sq.m.
Buying and selling apartments in Barcelona without intermediaries (investment nuances)
The areas of Besos Mar and Besos are interesting for their proximity to the sea and low prices (disadvantage: there are houses that need renovation). Trinitat Nova, Trinitat Vella and Roquetas are remote from the sea, but they are distinguished by the absence of urban noise. The highest real estate prices are in three locations in Barcelona: Eixample, Zona Alta, and Diagonal Mar. Only Diagonal Mar is located by the sea. If the funds allow and the style of modern glass skyscrapers is close to you, then this area is worth considering, but the prices here are much higher than in other expensive areas. You can also have a look at the apartments in the suburbs of Barcelona.
The GEOLN.COM website with a convenient search interface helps investors to buy an apartment in Barcelona without intermediaries. You can quickly and easily select an apartment from the owners according to the specified parameters (verified objects with photos) and get expert advice. The owners of apartments put up their offers for sale on the site on their own.
The procedure for processing a purchase and sale transaction is transparent and carefully regulated by law, thus fraud by unscrupulous sellers is practically excluded.
Buying an apartment in Barcelona is a profitable investment in a popular tourist destination with the opportunity to receive high income from renting the property out during the high tourist season, relaxing by the sea, living in a city with developed infrastructure and world-famous attractions.
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