Real estate prices in Barcelona have dropped considerably since the 2008 crisis, but positive signs are showing improvement in the sector. So now is the time to embark on a real estate investment, whether you are looking for a primary, secondary or rental investment, Barcelona is the city to invest. And the profit can be even more interesting if you decide to buy luxury flat Barcelona.
The Decrease in Prices of Luxury Apartments Barcelona for Sale
Since the crisis which caused Spanish real estate to lose 40% of its value, there has been an obvious drop in prices in Spain and that applies to luxury apartments Barcelona for sale. There is a gap between prices in other European countries and those in Spain. But since the past years, there has been a recovery for the Spanish economy and consequently the increase in prices in real estate. Now is therefore the right time to invest in luxury penthouse Barcelona before the costs begin to rise. Indeed foreign investors have already understood it and they have started to buy luxury flat Barcelona.
Barcelona is the Perfect Spanish Town to Invest in Luxury Apartments
The city is currently offering luxury apartments Barcelona for sale at interesting prices compared to what you can see on the other side of the Spanish border. For example, you can buy luxury flat Barcelona with two bedrooms and a terrace at €179,000. The property tax is 30% lower than in other countries like France. The most expensive areas in Barcelona for luxury apartments Barcelona for sale remain those of the center and high residential like Sarrià-Sant Gervasi, Ciutat Vella, Sant Martí and Gràcia where a luxury penthouse Barcelona costs around €3000 to €4000 per square meter. But in general, buying a luxury flat in Barcelona remains a good investment.
Barcelona: an Attractive Town
Whether plan to buy a flat or a penthouse just for the holidays or to come and live there permanently, Barcelona is a city with everything to please and where it is impossible to get bored. Its different districts contain a different history and architecture. Come and get lost in the labyrinths of the Gotic, admire the modernist monuments of Eixample, contemplate the view of Barcelona from Montjuic, enjoy the bohemian charm of Gràcia. The Capital of Catalonia also give many business opportunities to its inhabitants. All the best reasons are gathered to buy a luxury apartment there.