[vc_row][vc_column][vc_column_text]Over the past years, the growth of the economic activity and the decrease in the unemployment rate make real estate investment in Barcelona grow steadily.
At the same time, low mortgage interest rates and high demand for properties also indicate that property prices have the potential to continue to grow in the future.
Of all the cities, Barcelona is long awaited to make a great leap forward in this aspect. Barcelona has a great attraction for investors, as property prices are currently quite low and are expected to rise in the near future.
Here are 5 reasons why you wouldn’t regret investing in a new property in Barcelona
SUCCESSFUL FOREIGN INVESTMENT
Barcelona is the headquarters of more than 5,000 foreign companies, which have demonstrated a consolidated presence for over 10 years and a high level of stability and return on investment.
Barcelona is the gateway to southern Europe, the center of an emerging economic Eurozone and the capital of the Mediterranean region. Its privileged location on the Mediterranean Sea and its good connection to the main European cities makes it one of the preferred destinations for international investors in Europe.
THE PRICE OF HOUSING IN SPAIN.
With the real estate crisis in 2008, the value of properties in Spain has been reduced by 55% on average. Although during the first quarter of 2016 the price of housing seems that retrieves data from yesteryear, interest rates in the euro zone remain low so that buying a home continues to generate higher returns than other options.
A DYNAMIC AND DIVERSE ECONOMIC ENGINE
The city is committed to major international events. Barcelona, for example, is the world capital of mobile, being home to the Mobile World Congress- which brings together more than 90,000 professionals every year-until 2018.
PEOPLE ARE STILL COMING
In recent years, Barcelona has become attractive to new businesses and startups wanting to make this city their home. Because of this, the expanding workforce is increasing demand for accommodation.
Tech companies like Google are opening branches in Barcelona encouraging younger people to move to the city, guaranteeing a stable future for the city as they settle and make it their home.
Moreover, tourists are still coming as well. Spain is currently the 2nd most popular tourist destination and Barcelona is the most popular destination in Spain, guaranteeing a constant flow of tourists.
HOW CAN LEXIDY HELP?
At Lexidy our experienced lawyers can guide you through your investment process and take care of all the legal paperwork so you won’t have to hassle with the Spanish administration. Contact us and get a free consultation!