Spain and, in particular, the city of Barcelona has become Londoners' favourite destination for buying holiday homes. In fact, every year, these buyers come to the real estate company, Engel & Völkers Barcelona, to find the house of their dreams in this wonderful city. Good weather, beaches, culture and affordable prices are the main reasons why Londoners want to buy here.
According to the Spanish Tourism Office, the country had 60 million visits in 2015, of which 15.5 million came from Great Britain. Likewise, the number of buyers who arrived from UK increased by 53 per cent compared to 2014, which is a significant increase. Besides Barcelona, Ibiza and Costa Brava are also some of their other favourite destinations.
Investing in Barcelona has become a great option for tourists from the UK with medium-high purchasing power. This is mainly due to the fact that house prices in the centre of the city is around € 240,000. This is a very affordable amount for these types of buyers. They may want to buy in order to live in them during their retirement or spend their summer holidays in those properties and rent them out the rest of the year.
British investors who come to Barcelona wanting to buy a home usually choose 3 bedroom flats in neighbourhoods like Eixample. This is mainly because they prefer to stay within the vicinity of the city centre with plenty of cultural and leisure offers. These investors also look for long-term profitability that this popular neighbourhood in Barcelona is able to offer.
The growth of the real estate sector in Barcelona is a reality. In fact, it has been one of those cities that has least felt the impact of the economic crisis during the last decade. So much so that, today, it is possible to see how the houses are revalued in a way that does not happen in any other corner of Spain. There is also a demand for new homes that exceeds the current supply, which is an excellent sign that prompts sellers to increase their homes' asking prices in the future.
In short, investing in Barcelona is the preferred option for most Londoners who want their savings to grow both in the medium and long term. For this reason, at the real estate company, Engel & Völkers Barcelona, we are committed to helping you and advising you as much as possible to find the house you want at the right price.