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