- The German real estate company is marketing 60 new-build properties in the city and expects a 25% growth in this division in 2018
- 60% of new-build buyers are foreign, led by French, Swiss, Belgians and Germans
- The upward trend in property prices in Barcelona has reached both new and resale homes, with average annual increases of 15%
- Engel & Völkers presents virtual reality and augmented reality at BMP 2017 with a pioneering technology in the real estate sector
This year, Engel & Völkers, the leading German real estate brokerage agency, has doubled the number of new and comprehensively renovated developments marketed in the City of Barcelona. The new-build residential real estate sector in Barcelona maintains the upward trend, which started after the crisis. The company expects this division to reach a growth of 25% in 2018. This is the reason Engel & Völkers will be presenting 60 new-build offers at the Barcelona Meeting Point (BMP), 15 of which it will be marketing exclusively.
The areas with the largest new-build offers in Barcelona are on the outskirts, although the majority of the properties will be in the actual city itself. "Demand is still very high in the centre, but the prices have increased so much that customers have decided to buy in areas that are not so central," explains Jorge Campreciós, the Property Development Director at Engel & Völkers Barcelona.
The highest increase in prices are seen in the districts of Les Corts, Eixample and Gracia. The average price per square metre in the first district is 7,500 euros, while in Eixample is 6,900 euros, and 6,500 euros in Gracia. The largest number of small new-build properties can be seen in the neighbourhoods of Les Corts, Sants, Gracia Nova and Guinardó, while larger ones are built on the outskirts of the metropolitan areas such as Badalona, Hospitalet de Llobregat, and Cornellá.