Barcelona, the only big city with lower housing prices than before the pandemic paiKEWTFV
Currently, the price of new construction homes in Barcelona reaches 6,452 euros per m2, which represents a growth of 4.7% in the last year.
Barcelona , with more than 1,639,900 inhabitants, is the second most populous city in Spain , only behind Madrid . The districts of Barcelona with the largest population are El Ensanche , San Martín and Sants-Montjuïc , according to data from the Barcelona City Council .
Despite being one of the most attractive Spanish locations to live thanks to its cosmopolitan character, its great cultural, leisure and gastronomic offer, and the wide options in the labor market, the price of housing in Barcelona stands at 4,637 euros per m2, which positions it as the only large city with the lowest prices than before the coronavirus pandemic, according to data from the real estate big data platform Brainsre .
The same does not happen in the case of the rental market , since it is at all-time highs after chaining several quarters with consecutive increases and currently reaching 20.1 euros per m2 per month.
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How has the residential market evolved since the pandemic in Barcelona ?
In the last quarter of 2019, just before the outbreak of the pandemic, the price of housing in Barcelona had reached 4,747 euros per m2. From there, there were numerous price drops until the third quarter of 2021, when it stood at 4,516 euros per m2, which meant that the price had fallen by 4.9% in this period.
However, as of that date, prices began to rise and have registered increases for several consecutive quarters, with the exception of the last three months, in which they have fallen by 0.4%.
The price of new construction housing is detached from that of used housing The new housing market shows better data in terms of prices. Currently, the price of new-build homes in Barcelona stands at 6,452 euros per m2, which represents growth in the last year of 4.7% and a discreet 0.8% quarter-on-quarter.