Real Estate in Barcelona
Last updated on Apr 02, 2023
Summary: The most desirable neighborhoods in Barcelona, Spain are Eixample, Gràcia, Sarrià-Sant Gervasi, and Ciutat Vella. The average cost to buy a nice 2 bedroom home in Barcelona is around $400,000 USD, while a nice 3 bedroom home can cost around $600,000 USD. These properties typically include modern amenities such as air conditioning, balconies, and terraces. Foreigners are allowed to purchase property in Barcelona, however, they must obtain a NIE (Foreigner Identification Number) in order to do so. When searching for a home to buy in Barcelona, expats should consider their budget, desired location, and the type of property they are looking for. It is also important to research the local real estate market and consult with a real estate agent who is familiar with the area.
How do I find a place to live in Barcelona?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Came over to look at properties to buy and having visited Barcelona all my life (my father is Spanish) pretty much knew where to look. Made up our minds after seeing 5 flats. We bought it through a wellknown local estate agency - too much red tape to try and do it privately, although many Spanish natives buy direct from sellers to cut out some of the (high) costs associated with buying property over here," said one expat in Barcelona.
"One of the best ways to find a place to live in Barcelona is to use online rental websites such as Idealista, Fotocasa, and Habitaclia. These websites allow you to search for rental properties in Barcelona by location, price, and other criteria. Additionally, you can contact local real estate agents who specialize in renting properties in Barcelona. They can provide you with more information about the rental market and help you find a place that meets your needs. Finally, you can also look for rental postings on social media sites such as Facebook and Twitter," remarked one member in Barcelona.
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What is a typical expat home or apartment like in Barcelona?
"Expat homes and apartments in Barcelona tend to be modern and stylish, with plenty of natural light and open spaces. Many apartments have balconies or terraces, offering stunning views of the city. Expats can also find homes with amenities such as air conditioning, high-speed internet, and modern appliances. Barcelona is known for its vibrant culture and art, so many expat homes and apartments feature unique and interesting decor," explained one expat living in Barcelona, Spain.
"We live in a flat on the top floor of a 160 year old block in a working class neighbourhood in the centre of the city (equivalent to Soho in London). It doesn't have a lift but we didn't want to have noise above us as well as below - Barcelona is the noisiest city in Europe (fact). Don't know about other expats as hardly know any - difficult to get to know people in this city," said one person in Barcelona.
What is the average cost of housing in Barcelona?
If you are thinking about moving to Barcelona, cost of living in probably a key consideration. Expats commented about the cost of housing:
"To buy a similar property in London would be around double and rates in the UK are very high. However, the costs involved in buying a property here is very expensive compared to UK, for example, an estate agent here takes 10% commission compared to 1.5% in UK. Stamp duty here is 7%, in UK it is only payable on properties over a certain level and even then is only around 2%. Capital Gains Tax is also payable on selling property here, even if this is your only residence, unlike UK. Therefore buying and selling property in Spain is not a fast way to make money, unlike in UK. Otherwise, most other things here are cheaper, like utitilites (except telephone which is very expensive). Barcelona has become very fashionable in last few years and prices have risen dramatically, and cost of living is way out of balance with average salaries which are 50% - 75% lower than London," remarked one foreigner who made the move to Barcelona.
"The average cost of housing in Barcelona is generally quite high. Prices for apartments and houses in the city center can range from €1,500 to €3,000 per month, while prices for properties in the suburbs can range from €800 to €1,500 per month. Additionally, the cost of renting a room in a shared apartment can range from €400 to €800 per month," explained one person living in Barcelona, Spain.
Should I buy or rent a home in Barcelona?
If you have not spent a lot of time in Barcelona, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Barcelona can be a great investment, as the city is a popular tourist destination and the real estate market is strong. However, it is important to consider the cost of living in Barcelona, as well as the cost of purchasing a home, before making a decision. Renting a home in Barcelona can be a great option for those who are not ready to commit to buying a home, as it allows for more flexibility and can be more cost-effective in the short-term. Ultimately, the decision to buy or rent a home in Barcelona should be based on individual needs and preferences," remarked one foreigner who made the move to Barcelona.
What do I need to know when buying property in Barcelona?
When we asked expats what advice they would give a foreigner before buying a property in Barcelona, they said:
"1. It is important to research the area you are interested in buying property in, as different areas may have different regulations and taxes. 2. It is also important to be aware of the different types of property available, such as apartments, villas, and townhouses. 3. It is recommended to hire a lawyer to help you with the legal aspects of the purchase, such as the contract and the title deed. 4. You should also be aware of the taxes associated with buying property in Barcelona, such as the transfer tax and the stamp duty. 5. It is also important to be aware of the different financing options available, such as mortgages and loans. 6. Finally, it is important to be aware of the different regulations and laws that apply to property ownership in Barcelona," explained one person living in Barcelona, Spain.
Are foreigners allowed to own property in Barcelona?
When we asked expats what advice they would give a foreigner before buying a property in Barcelona, they said...
"Yes, foreigners are allowed to own property in Barcelona. Non-residents of Spain are able to purchase property in the same way as Spanish citizens, and there are no restrictions on foreign ownership. However, it is important to note that non-residents may be subject to certain taxes and fees, such as a capital gains tax when selling the property. Additionally, it is important to seek legal advice when purchasing property in Spain, as there are certain regulations and laws that must be followed," explained one foreigner living in Barcelona, Spain.
What appliances are typically included in a rental?
We asked foreigners in Barcelona what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Barcelona typically include a refrigerator, stove, oven, washing machine, and dishwasher. Additionally, some properties may include a microwave, toaster, and coffee maker," wrote one expat who made the move to Barcelona.
Additional Information about Searching for a Home in Barcelona:
We asked foreigners in Barcelona what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Barcelona by looking online for real estate websites that specialize in the area, such as Idealista or Fotocasa. They can also search for rental listings on websites such as Easypiso or Spotahome. Additionally, expats can look for local real estate agents who can help them find the perfect home in Barcelona," said one person in Barcelona.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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