Buying Property in L'Eixample

Real Estate Investment in Barcelona District 2

Property in L'Eixample is highly in demand both amongst people coming to live and work in Barcelona and those looking for a holiday residence for their families.

This is not surprising as the district is home to much of the city's fine Modernista architecture and after Ciutat Vella, the Eixample is the district where foreign visitors are likely to spend most of their time.

Furthermore, all of L'Eixample's six neighbourhoods are conveniently located for Barcelona City Centre and have excellent public transport connections making the district ideal for both residents and tourists.

Property in L'Eixample used to be an excellent investment as tourist rentals are in high demand but the  City Council - Ajuntament de Barcelona - has imposed a moratorium on tourist rental licences, which is unlikely to be lifted in the forseeable future so if you are interested in this option, you have to buy a property that already has a licence.

An interesting alternative is offering short-term rentals to business people coming to work in Barcelona for periods of a month or more.

Given the district is so well located, you'll also have little difficulty renting out for longer periods but this obviously restricts the possibilities of using the apartment yourself.

Most Estate Agents are happy to administer both these options for you for a reasonable commission.

If you want to find out more about buying property in L'Eixample, don't hesitate to Get in touch via the Contact Form.





Current Property Prices in L'Eixample

The graphic below shows the change in price per square metre of real estate in L'Eixample between January 2016 and January 2017.

Since hitting a peak of €4,758 per m2 in 2007 prices fell considerably but have been rising for about a year so now is still a good time to invest in property in Eixample because prices are likely to rise more quickly as Spain moves out of the economic crisis.

The cost of property in L'Eixample currently stands at €4,610/m2, which is significantly higher than the €3,879 for Barcelona as a whole.

This is partly because of the interest of foreign investors in buying but the district is also very popular with locals, who are now finding themselves with more buying power as the Spanish economy improves.

I tend to update my Barcelona district property pages relatively regularly (famous last words) but if you want to see the latest property trends in the Eixample, Please Click Here to Visit Internet Property Portal Habitaclia, where prices are updated every month.



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