Barcelona PROPERTY

2008. This guide to property in Barcelona is now out of date. I will try and update it sometime this year. However, I can tell you that Barcelona property prices have become significantly over-valued, and are starting to fall. I expect falls of 20% or more over the next 12 to 24 months.

+ Barcelona's strengths & weaknesses
+ Review of property by district
+ Barcelona property market today
+ Investment property in Barcelona
+ Can you rent an apartment to tourists in Barcelona?
+ Conclusion

Barcelona Property Introduction

"Were I to get the hell out of England today, I'd probably go to Barcelona, which has all the good things, good way of life, and reasonable weather." Bernie Ecclestone - Boss of Formula 1 - quoted in The Daily Telegraph (Tuesday July 6th 2004).

Bernie Ecclestone - a well-travelled man by any measure - isn't alone in holding this opinion of Barcelona. Almost everyone who visits the city falls in love with it and there is no end to the amount of international newspaper articles extolling its virtues. In the time since the 1992 Olympics, which helped put Barcelona on the map and transform the city with Billions of Euros of investment, Barcelona has become one of the most popular city break destinations in all of Europe, and the most popular city destination for the British.

Given the obvious attractions of living in Barcelona, and the fact that hundreds of thousands of Northern Europeans are buying or planning to buy property in Spain, it should surprise no one that many foreigners are now buying real estate in Barcelona.

Many of these overseas property buyers do so without much insight into Barcelona's real estate market. Locals from Barcelona might not all be property experts, but most of them will have a reasonable idea of Barcelona’s real estate market by virtue of growing up and living in Barcelona. Foreigners who have not grown up in the city, do not read the local newspapers, and do not have the benefit of discussing property in Barcelona with local people such as family and friends are at a disadvantage when it comes to making real estate purchase decisions. This guide is intended to give foreigners interested in buying property in Barcelona a crash course in Barcelona real estate, and provide them with some of the information that locals take for granted.

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