#barcleonaproperty

A property of this kind, in this neighborhood is valued at approximately a million Euro and apartments in this area of the city are rented out for about €1,000 a month. The family should be able to sell their investment in a few years for at least €1.5 million after renovation. This British family is not the only one with this idea. Many foreign property owners are getting the same idea – why own one property when you can own an entire building in Barcelona for the same price. The trick is to buy doer-uppers, invest in some good renovations and in so doing raise the value before selling. Foreign investors are waking up tot eh fact that Barcelona properties offer good returns, whether it is as a buy-to-rent or as a buy-to-resale. Some attribute the British interest in Barcelona property as a result of Brexit, other experts attribute it to the Euro-Pound exchange rate and others simply the fact that investors identify Barcelona as a city where they can get good returns on their investment. Brits make up about 17% o the foreign market in Spanish house sales and this figure does not look like changing in the near future.