Rental prices falling in Barcelona
Good news for some people looking to rent a home in Barcelona, and bad news for landlords already nursing capital losses. Rental prices are falling sharply in Barcelona, reveals a new study by local real estate consultants Forcadell. Average monthly rental costs for a typical 75m2 flat has fallen below 1,000 Euros/month, for the first [...]
Price falls reach Spain’s best addresses
The price of property in Spain’s best addresses is falling along with the rest of the market, at least according to a new report from TecniTasa, one of Spain’s official appraisal companies.
Residential rents in Barcelona start to fall
After rising 63% between 2002 and 2007, residential rents in Barcelona stagnated, and even fell slightly in the last 6 months of 2008, according to figures from Barcelona’s town hall. In 2003, the average flat for rent in Barcelona had 92m2 and cost 884 Euros/month. Today, the average flat has 75m2, and costs 1,096 Euros [...]
Tourist rental clampdown in Barcelona’s Old Town
The drive to regulate short-term tourist rentals in Barcelona’s popular Old Town Gothic Quarter (Ciutat Vella) is starting to show results. 474 tourist rental apartments have been shut down since April last year, leaving 424 “illegal” flats still in operation, reports the Spanish press. In the past, many of the short-term tourist lettings in Barcelona [...]
Barcelona property prices retreat to 2005
Catalonia is suffering more than other parts of Spain in this property crash. Sales have fallen by around half, new housing starts are down by 80%, and prices are skidding. In Barcelona city, prices are down 8.6% over 12 months, pushing resale prices back to where they were in 2005. Prices are falling more in [...]
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