Thursday, 25 October 2018 13:29

According to Bolsamania, the demonstration that took place on the 1st of October 2017 had an impact on housing rental prices in Barcelona.

The rental cost of an apartment in the premium districts of Barcelona has dropped up to 1500€ since last year according to an article published recently on Bolsamania’s website. The demonstration that took place on the 1st of October 2017 has had an impact on the rent prices of luxury homes. The upper districts of the city (Pedralbes, Sarrià Sant Gervasi) are making the most of this drop in price.

We are also noticing a significant decrease in international demand after the exodus of nearly 3000 business headquarters from Cataluña following the events of the 1st of October 2017. This phenomenon was amplified by the terrorist acts that took place in August 2017, that had a negative impact particularly on the tourism and hotel industry.

Cost of rental and purchase of property in the periphery of Barcelona

The drop in rental prices in the upper districts of Barcelona means a closing of the gap in prices compared to other parts of the city and also other neighbouring towns where purchase prices have been on the rise. Recently, the high prices of the city center have forced people to buy in the suburbs such as the Vallès (where prices have risen 16%) or the Baix Llobregat (8% rise).