'Millenials' go for renting

There is a change of trend in the real estate market. If up until now Spain has always been a ‘buyer’ market, the barrage of ‘millenials’ – people were born from 1980 until 1995 – has tipped the balance in favour of renting. 

'Millenials are changing trends'

According to CBRE Spain, one of the leading consultant firms in Spain, sources,  68% of ‘millenials’ will prefer renting to acquire a place. As the report notes, the fact of being properties does not obsess them, although the majority pretends to get a mortgage in a long term.

Actually, according to the report, the main causes of this change of trend are:

• Economic situation: the average salary of a person younger than 29-year-old is less than a thousand Euros per month, which avoid them dealing with a mortgage with full guarantees

• Working scenario: apart from the amount of salary, another problem that people confront is a temporary contract. Actually, no more than 34% of 12.000 people requested in this report have a full-time contract.

• Change of mentality: taking into account that what matters more in the previous generation was being the owner of their place, preferences has changed. The ‘millenials’ put the interest of having the freedom of choosing where to live according to their cultural or leisure preferences.

Barcelona, fifth european city more attractive to invest in

According to the last Ernst & Young (E&Y) report, one of the biggest service providers in the world, Barcelona has reached in 2016 to the fifth most attractive city for foreign investors in Europe.

The survey, which values the ability to attract foreign investments in all economic sectors in the city, defines Barcelona as a privileged location, merely behind capitals such as London, Berlin, Paris or Amsterdam.   

Moreover, Catalonia attracted 2,78%  more in investment to reach 111 projects last year. Thus, the región monopolized more tan 40% of the investments made in Spain.

The real estate market in Barcelona was, eventually, one of the main investment sources. As Expansion published, more than 2.000 million euros were assigned to invest in these market, an increasing of 43% related to the year before.

Source: E&Y 

Rental values has gone up 18% in Barcelona in 2016

According to a recent report from Aguirre Newman one of the most important property valuation companies in, rental value for property has increased by 18% in Barcelona in comparison to 2015.

Moreover, the property report offers some hopeful signs for the real estate sector, as an increasing average stay in tenant: from 3,2 years until 4,5 averagely. The document also highlights that, according to the settlement of some of the most important multinational companies in Barcelona, and, thus, the arrival of foreign people to work on them, the average time to rent a flat has decreased from four months in 2015 to one month and a half currently.

It also underlines that economic indicators would suggest that profitability in the real estate field has not reached the top. Everything seems to point to the fact that the best moments to rent a flat in Barcelona are still to come.

Therefore, from BarcelonaProp, we ensure to rent your flat, no matter wherever is, in a period no longer than twenty days. Moreover, our rental services includes, as well:

• -         Selection of the best profile for your property
• -         3-year contracts, as the current regulation notes.
• -         Insurance services due to protect rental payments
• -         Refurbishment team

The number of British Investors interested in the real estate sector in Barcelona is highly increasing

It is becoming a tendency over the last months: British investors selling their UK properties and investing in Barcelona. This seems to be the way that many British families have taken in order to find a guaranteed financial profitability in the real estate sector.

The methodology is the following one: purchasing an entire building in poor condition and, through structural reform, selling the property or, even, putting it up for rent. Averagely, it is weird to find rentals for less than a thousand Euros. Moreover, in average a standard flat can be sold for almost half a millionEuros, depending on the area.  

Without going on a further detail, The Telegraph, one of the main newspapers in the UK, recently published a report which concludes that Barcelona was among the twelve best cities to invest in the real estate sector.

After Brexit

Expert in the field state that Brexit can be actually the cause of this phenomenon: “It is a matter of financial profitability. Nowadays, it is worthier to invest in Barcelona contrary to London” Furthermore, they highlight “There is an economical variant. The UK exit from European Union makes the British Pound Sterling disruptive. Thus, there are many British who prefer investing in Barcelona in order to keep their capital in Euros”. 

  As Mary Jane notes, manager of one of the best real estate intermediation companies in England, the growing rental demands and a increasing economical juncture in the Spanish market make investing inBarcelona worthy. Moreover, adds: “With a financial profitability up to 5%, investing in the real state field in Barcelona can be one of the most secured ways to increase and safe British money.

Source: La Vanguardia

Barcelona takes advantage to become a hub for South American flights

Barcelona keeps moving forward in order to become a reference  of hub in oceanic operations. To airport terms – in English means literally a ‘cube’, the concept refers to an airport where one or more companies have their own flight connection.

The Catalan capital aims to consolidate itself as the main South American hub in southern Europe. Thus, since 2011, when AerolineasArgentinas decided to take investment on Barcelona, flights between Barcelona and South America have increased by 12%. Actually, the Argentine company, in middle April, decided to increase its presence in the airport of Barcelona with another weekly flight.

Highly nonsensical growth

The Barcelona airport has been growing in recent years at an incredible rate. Furthermore, last year the number of passengers who landed at the Barcelona airport facilities increased by 6.9%. Likewise, the number of operations carried out at the airport has also raised up, with an increase of more than 4% per year.

Therefore, many companies have decided to bet on Barcelona as their main distribution center for flights in Europe. For instance, the last who has moved to Barcelona was Norwegian Airlines. The Danish company has expanded its base of operations in southern Europe, moving to an old control tower. Thus, the opening will give 69 jobs and add four more aircrafts in order to connect Barcelona with Los Angeles, San Francisco, New York and Miami.

Source: ElPeriódico