Barcelona is a coastal city located in northeastern Spain, is the capital of Catalonia, as well as being the second-largest city in Spain after Madrid.
Barcelona is well-known throughout the world as rich in Spanish culture, and the locations of Gaudí's architectural masterpieces like the Sagrada Família. Barcelona is a strong and healthy economy, offers a cosmopolitan lifestyle, Barcelona is one of Europe's most desirable cities to live, work, and invest in.
"Cheap real estate" in luxury market doesn't always mean a low price, as a 'luxury property' that is undervalued for the current real estate market place status can be seen as being cheap.
A $1M home might be "cheap" compared to others at $2M that are located in Barcelona, but the price difference for what seems to be very similar properties could be for a wide range of reasons.
If the luxury property has become distressed or foreclosed they are often sold below market value and at time through auctions. Or it could be the seller, for personal reasons like a job relocation has special reasons for letting the property be sold at a very low rate.
In emerging luxury markets luxury could be listed as undervalued in relation to future expectations, for areas such as growing neighborhoods in cities that are becoming popular, like those with infrastructure improvements or tourism growth.
Luxury buyers often have leverage as they have the financial means to purchase, especially in slow markets where borrowing from a bank is harder.
Properties bought below market value in luxury areas, especially when looking at Barcelona real estate listings by owner which can be cheaper than via an agent often see strong appreciation when the market recovers or the area gentrifies.
Economic or political fluctuations can temporarily depress prices, allowing investors to acquire premium assets at a cheaper rate.
FEATURED Spain LISTING
Location : Orihuela, Alicante
Property Type: VillaProperty Terms: For SaleLocal Currency Price: Price in USD: $310,000
Barcelona generally has a very stable property market and purchasing or selling properties is done in a transparent manner. Barcelona is well-regulated, with strong legal protections for ownership, and relatively low political risk provides peace of mid to investors and private buyers looking for real estate opportunities.
In sought-after cities and tourist destinations, property values have shown consistent long-term growth-especially in areas with at times limited supply.
Real Estate Agents and Property Developers in Spain
