Real Estate Market Report 1H 2023 - LF

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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