NEWS

Spain Enjoying Record Tourism, Foreign Buyer Activity in 2017

It's turning out that 2017 is becoming a very good year for Spain's property market, as JLL is now forecasting this year will be the eighth consecutive year of foreign buyer property growth. Overseas buyers invested €888 million ($1.04b USD) on Spanish properties in the first half of 2017, smashing last year's record of €330 million ($353m USD) for the same period with total investment for 2017 expected to exceed €1 billion ($1.18b USD), according to JLL. Spain 2017 Property Market FAQs: Record 36.3 million tourists visited Spain in H1 2017 (National Statistics Institute) 2017 on course be the 8th…

Buying in Barcelona

Buying in Barcelona: Londoners love the coastal city for its renovated flats from £200k, which make great holiday homes or investments Cosmopolitan Barcelona, with its sublime restaurants and winning architectural history, is the perfect holiday home location for so many reasons. It has a superyacht marina, wonderfully informal beach bars and easy access by air, sea and high-speed rail. More than 27 million travellers passed through the city last year, about a quarter of all visitors to Spain. “Just under half of our sales last year were new or newly renovated homes,” says Joanna Papis of Lucas Fox Barcelona. “Our…

Living on commercial property to escape Barcelona’s soaring rent

The price of rent in the Barcelona metropolitan area has skyrocketed. In 2017, average rent was €900, and prices rose 10% in just a year. At the same time, a growing concentration of stores in the city’s main shopping areas, coupled with the rise of online sales, has left 30,000 commercial premises lying empty across Catalonia. Some families have done the math and found a quick fix for their living needs: they are buying, renting and occupying business spaces even though these lack residential occupancy licenses. There are between 8,000 and 10,000 empty commercial properties in the city of Barcelona,…