The real estate market in Barcelona is betting on luxury homes as say Barcelona luxury real estate Envy realty.
The halt in all economic activity in Spain seems to be causing a drop in housing prices, especially in large cities such as Barcelona.
The real estate market in Barcelona had already been experiencing a downward trend in housing prices before the crisis. A decline that has intensified with the Covid-19 shutdown.
However, many people have taken the opportunity to invest and buy homes in one of the most desirable and emblematic cities in Spain. Above all, this has been noted in the luxury real estate sector, a sector that has already been gaining ground for some time in the capital of Barcelona.
Increase in searches for luxury homes
The drop in house prices and the state of alarm have caused interest in luxury homes to increase, especially at a time when having a garden or a large terrace has become overvalued.
Barcelona is one of the cities where more luxury real estate agencies have set up shop in recent years. This makes it one of the objectives of many buyers with great purchasing power.
The Catalan province has an idyllic climate to live in and even more so if it is done in a home with large exteriors like those offered by many luxury real estate agencies in Barcelona.
In addition, it has always been a target for the high end of the European real estate market, so the drop in prices due to the health crisis makes it even more irresistible.
Where to buy a luxury house in Barcelona
Everything will depend on the use and needs. A luxury villa on the Costa Brava is not the same as a luxury apartment in a building in the Eixample district of Barcelona.
Real estate agencies in Barcelona have a wide variety of offers in the luxury residential market, so the number of options is not a problem.
Quarantine in the centre of Barcelona
The centre of Barcelona is one of the most expensive residential areas in Spain where the most sought-after luxury apartments for a luxury real estate agency in Barcelona are set up.
One of the buildings that became the desire of some European investors is the luxury apartment building Francesc Macià 10, where the price per square metre is 20,000 euros.
Although there are other areas with luxury apartments and villas near the centre of the capital. One of the areas that you can now find in any luxury real estate agency in Barcelona is Sarriá-San Gervasio. Where the most exclusive villas have been built, close to health and educational services for the upper-middle class.
Quarantine on the Costa Brava
Many of the people interested in acquiring a luxury home to spend the confinement set their main interest on the Costa Brava, one of the places with the greatest natural appeal.
Finding a luxury home in a Costa Brava real estate agency is not at all complicated, because it is a favourite residential area in Spain. Hence, many people consider it a good option to spend the state of alarm in a home with views of the crystal-clear beaches of the Costa Brava and the French border.
If we consult a real estate agency on the Costa Brava, the price per square metre in this area is usually around 1,300 euros.
The drop in house prices is general in all sectors, so the scenario is favourable for investing in the purchase of residences and properties, something that is already beginning to be noticed in the luxury real estate sector.