Real Estate Prices in SpainSpain

Property prices in Barcelona

Property prices in Barcelona are still affordable. Indeed, real estate prices are now at 3,200 euros per square meter in Barcelona (ElPais).

Property prices in Barcelona: € 3,200 per square meter

On average, real estate prices in Barcelona are at € 3,200 per square meter (ElPais). As we can see on the graph, house prices went down from 2007 to 2013. Then, from 2015, prices began to recover. Yet property prices are not growing anymore since mid-2018.

property prices in Barcelona are at 3,200 euros per square meter
Property prices evolution in Barcelona from 2008 to 2019

House prices went down during 6 years

House prices in Barcelona went down for six consecutive years. Indeed from 2008 to 2013, home prices nearly halved. From € 4.440 per square meter in 2007, they went all the way down to reach € 2,200 per square meter in 2013.

Real estate prices evolution in Barcelona, quarter per quarter from 2002 to 2019
Real estate prices evolution in Barcelona, quarter per quarter from 2002 to 2019

Cheapest, and most expensive metro stops

Data from Idealista allows to track home prices per metro stop. While Urquinaona and Plaça Catalunya are the most expensive metro stops to buy a flat (over € 4,000 per square meter), Fondo and Santa Coloma are the cheapest.

Home prices per metro stop in Barcelona
Home prices per metro stop in Barcelona

Prices per neighborhood

TINSA‘s quarterly report shows that Sant Gervasi, Les Corts, L’Eixample and Ciutat Vella are the most expensive neighborhoods to buy a flat in Barcelona. Whereas Nou Barris, Sant Andreu, Horta Guinardo are the cheapest, below € 3,000 per square meter

Property prices in Barcelona per neighborhood: Sarria-Sant Gervasi is the most expensive
Property prices in Barcelona per neighborhood: Sarria-Sant Gervasi is the most expensive

Most expensive zones to buy a home

Yet prices vary a lot within these neighborhoods. Indeed, Pearson Avenue was last year the most expensive area of Barcelona to buy a house, with an average price of € 10,490 per square meter, 50% higher than the Diagonal Mar towers (€ 7,000 euros / square meter) and Turó Park (6,990 euros / square meter).

So although the average is at € 3,000 per square meter, prices can go much higher. Yet this can’t be a surprise, as Barcelona is a top hotspot for Spanish luxury properties, concentrating 88% of luxury homes in Spain with Madrid.

Source: LaVanguardia

Most expensive neighborhoods in Barcelona: Pearson and Diagonal Mar on top
Most expensive neighborhoods in Barcelona: Pearson and Diagonal Mar on top