Now looks like an excellent time to invest in property in Sarrià-Sant Gervasi with real estate prices starting to pick up in this residential uptown Barcelona district.
Most properties in the district tend to be at the high end of the market with the bulk of apartments starting around the €400,000 mark and luxury houses going up into the millions.
The District is oriented towards owner-occupiers, who tend to live in the area for years rather than months, so it is difficult to see opportunities for short-term rentals although I'm sure the option exists, particularly in the city centre neighbourhoods of Sant Gervasi-Galvany and El Putget.
With an excellent choice of restaurants and clubs, the area is a favourite for Barcelona locals but is not really on the tourist map so investing and then dedicating your property to tourist rentals, although possible, is unlikely.
The further you go up the hill towards Sarrià and Les Planes, the more residential and luxurious the district gets and prices reflect this.
There is a very good choice of schools in the area so if buying property in Sarrià-Sant Gervasi is within your budget, this is an excellent place to live, work and bring up a family.
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The graphic below shows the change in price per square metre of real estate in Sarrià-Sant Gervasi between April 2015 and March 2016.
Average prices of property in Sarrià-Sant Gervasi as a whole have risen significantly from €4367/m2 to €4,818, which is well above the Barcelona average of €3,879/m2.
Housing costs in the more residential neighbourhoods further up the hill have risen more quickly whilst the city centre neighbourhoods have gone up a little more slowly but in general, the increase in prices shows how much the Spanish economy has improved over the last twelve months, particularly as far the better off are concerned.
I tend to update my Barcelona district property pages relatively regularly (famous last words) but if you want to see the latest trends in Sarrià-Sant Gervasi, Please Click Here to Visit Internet Property Portal Habitaclia, where prices are updated every month.