Buying an apartment in Catalonia to invest and increase your profits
Catalonia is one of the most sought-after autonomous communities when it comes to living in and also a place with great potential to invest in housing. Thus, it is important that you know the benefits of making such an investment and how much return you can get from it depending on the area, style of housing or monthly rent.
One of the best cities to invest in Catalonia is Barcelona, which in recent years has been recognized as a strong center for real estate investment. Properties in the city offer not only a solid rental yield, but also considerable potential for capital value appreciation. If you are considering buying an apartment to invest in housing in Barcelona, you should know the following:
- It is a city with great economic activity: a city with potential and in constant development. Great access to labor supply.
- It has great accessibility and infrastructure: both in terms of communication and transportation of goods.
- There is a clear attraction for foreigners: Installation of foreign companies and international interest in investing in Barcelona.
- It has very different neighborhoods designed for all types of audiences, which makes it have more profitable areas than others.
The latest available data point out that those neighborhoods with the highest rental profitability are located in the following districts:
- Eixample: This central district is famous for its modernist buildings, including the iconic Sagrada Familia. The average home price has shown steady growth in recent years, with an expected annual return of 6%.
- Gràcia: Known for its bohemian atmosphere and picturesque squares, Gràcia offers a unique combination of tradition and modernity. Properties here are in high demand, both for rental and purchase, offering a return on investment of around 5.5%.
- Poblenou: This former industrial district has undergone a radical transformation in recent years, becoming a vibrant technological and cultural center. With an estimated yield of 6.5%, housing investments in Poblenou promise solid returns.
- Ciutat Vella: Another district where you can find good apartments to invest in Barcelona is Ciutat Vella. In particular, the Raval neighborhood, in the heart of the city center, tops the list. With a high rent profitability, El Raval is the meeting point of new countercultural movements, full of the most modern premises, squares where new fashions and street art converge.
- Sants-Montjuïc: The district of Sants-Montjuïc also has neighborhoods that are undergoing important social transformations, one of the best places to invest in housing in Barcelona. For example, the neighborhood of La Bordeta has recently changed from an industrial to a residential neighborhood, bordering the Ciutat de la Justícia in Barcelona and l’Hospitalet de Llobregat, with rising rental demand.
