Since the end of the crisis, the market has been showing a marked tendency to rise, although with notable differences in the pace of evolution depending on the area. While the average year-on-year price growth at the national level is about 4%, in the cities of Barcelona and Madrid it has soared up to 20.6% and 15.5% respectively. Finished housing (new and used) has reached on average 1,258 euros per square meter between July and September, 4% more than in the same period of 2016, and prices have not yet reached their maximum, for which if you have not yet decided, is the time to buy property that will continue to be revalued with a generalized price escalation that already extends to all provincial capitals.
With the cities of Barcelona and Madrid leading the way as the main drivers of the recovery, positive price developments are becoming more widespread. Between January and September of this year, Catalonia has registered an increase of 8.9%, with Barcelona being the most expensive city in the country, with 3,184 euros / m2 compared with 2,997 euros / m2 in the Basque capital, 2,488 in Madrid and 2,204 in Bilbao.
In short, the real estate market is very close to complete recovery, with Barcelona (20.6%) and Madrid (15.5%) exercising as main engines, and revaluation values of 44.4% and 24.9% , respectively, since they hit the ground at the worst moment of the crisis.
In Ilivebarcelona we have fantastic short term investment opportunities as well as a large selection of real estate from a wide range of prices. Contact one of our professionals who will help you find a property to fit your needs.
*Fuente: El Mundo