Lucas Fox Spanish Real Estate Market Report / First half 2023 / Barcelona City & suburbs
PRICES
Asking prices in Barcelona city increased 2.5% year-on-year in Q2 to end 2% lower than the start of 2019 despite staging a recovery from the lows of the pandemic. In the Eixample area prices performed better, ending the first half 2% higher than in the start of 2019. Rent control policies in the
city that depressed rental investment and increased the number of vendors may have contributed to Barcelona’s lacklustre price performance since 2019. In the upmarket suburbs of Sant Cugat and Sant Just Desvern prices were 18.7% and 5.4% higher than in 2019 respectively.
BARCELONA CITY & SUBURBS ASKING PRICE INDEX BASE = Q1 2019 Source: Idealista
BARCELONA CITY
EIXAMPLE
98.0
102.0
100
100
50
150
50
150
€/sqm 4,131
Y-O-Y 2.5%
Trend
€/sqm 4,891
Y-O-Y 2.8%
Trend
SANT CUGAT
SANT JUST DESVERN
100
100
105.4
118.7
50
150
50
150
Trend
Trend
€/sqm 4,165
Y-O-Y 3.3%
€/sqm 3,683
Y-O-Y 2.0%
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