Rents in the city of Barcelona in May suffered the most significant increase in all of Spain, reaching an average price of €17.83/m².
According to the monthly rental price report on flats.com, the standard flat in Catalonia registered an average price of €11.79/m2 in May 2022, which represented a monthly increase of 1.99%. Compared to May 2021, the rebound was 9.42%, the second highest nationwide.
Barcelona was the most expensive capital in Spain
Compared to April, all the Catalan capitals raised their prices. Tarragona (2.80%) was the Catalan province that grew the most. From one year to the next, they all grew too. Barcelona (10.97%) was the seventh Spanish capital that increased the most. At €12.95 per square meter in May 2022, Barcelona was the second most expensive Spanish province for tenants, while Tarragona (€6.60/m²) was the cheapest province in Catalonia.
As for the Catalan capitals, they all rose in the last month. Barcelona (2.63%) was the ninth Spanish capital that increased the rental price the most compared to April. Year-on-year, all the capitals of Catalonia rose in price, marking Barcelona (15.89%) the third largest national rise. In the prices section, Barcelona (€17.83/m²) was the most expensive provincial capital in Spain. Tarragona (€7.98/month) was the most affordable Catalan capital.
Catalonia was the third region with the most expensive price for tenants, behind Madrid (€13.14/m²) and the Balearic Islands (€12.40/m²). For its part, the typical rental flat in Spain ended last May with an average price of €10.23/m2. This figure marked an increase of 0.59% compared to April. Year-on-year, the rebound was 5.46%.
Rental prices continue to rise.
-"The progressive increase in the price of housing for sale, the reduced supply of new-build residential products and the depletion of accumulated savings during the most restrictive stage of the pandemic generate a contagion effect on monthly rental payments".
-“Both those whose financial situation does not allow them to be owners for now and those who cannot find what they are looking for in the current market choose to be tenants, which increases rents”.
-“The extension until September of the limitation of increases to 2% to prevent current rental contracts from being updated according to the CPI is containing an increase that could be even higher”.
-“Making the rent run parallel to inflation, taking into account the scarce and even null revaluation of salaries, would be a very hard blow for families. However, transferring responsibility to landlords is not the most effective solution either.”
-"The key is to solve the real structural problem that drags the lease in Spain: the lack of supply".
Ferran Font, Director of Studies at piso.com
According to the quarterly report on sales prices, second-hand housing in Catalonia in March 2022 had an average price of €2,527/m2. This figure represented a rise of 0.12% compared to the month of December 2021. Year-on-year, there was a 2.38% rebound. Monthly, it was revalued by 0.22%, the second least pronounced increase at the national level.
Catalonia was the fourth most expensive region, behind the Balearic Islands (€3,343/m²), among others. As for second-hand housing in Spain, in March 2022 it registered an average price of €1,892/m2, posting a quarterly increase of 0.75%. From one year to another, the increase was 4.77%, while the monthly increase was 0.30%.
The price of second-hand housing continues to intensify its upward trend.
With regard to the districts of Barcelona capital, the most marked quarterly increases came from Sant Martí (4.82%), Sarrià-Sant Gervasi (4.07%) and Nou Barris (1.86%). In this same period, the only falls were those of Les Corts (-4.28%) and Sants-Montjuïc (-3.95%). From one year to the next, those that grew the most were Sarrià-Sant Gervasi (9.34%), Sant Martí (7.55%) and Horta-Guinardó (7.34%). The most intense decreases were located in Sants-Montjuïc (-3.62%), Les Corts (-3.10%) and Sant Andreu (-1.80%). Sarrià-Sant Gervasi (€5,879/m²), L´Eixample (€5,345/m²) and Les Corts (€5,110/m²) were the most expensive districts, while the cheapest were Nou Barris (€2,493/m²), Sant Andreu (€3,093/m²) and Horta-Guinardó (€3,242/m²).
These last two years have probably been the most atypical of our lives. The extraordinary and uncertain situation that we are experiencing redefined what we understood by “security” and led to changes in our daily routines, habits and lifestyle. After confinement and the implementation of the 'new normality' - which is here to stay - we value more than ever the comfort of home, where he spent a lot of time. To continue enjoying our homes, many of us have recently ventured to make small reforms. How many of us have decided to paint or fix rooms? How many of us have realized that the kitchen or the bathroom were already too old?
It is quite true that our homes have become small refuges with multifunctional rooms that must meet different needs: we telework, which requires calm and tranquility; we play sports, so we want a space where we can channel our energy; to family or friends to socialize and celebrate; or we simply want to feel protected and safe in a pleasant and comfortable environment.
Because the house, the home, is the new well-being space and your best refuge, and for this reason, with a practical renovation, the house will never fall on you again. Moreover, you will want to be at home because you will enjoy each and every one of your stays.
Ask for a budget without obligation at: https://www.reformassarriapedralbes.com
The sale of luxury homes in Barcelona is adapting to the current post-covid situation after enduring a market slowdown of around 50% at the height of the pandemic. The interest in buying luxury homes in Barcelona has not waned, but now assets are compared more and it takes a little longer to close the operation, from five to eight months, and in turn the number of visits has tripled before taking the final purchase decision.
New behaviors in the process of buying and selling luxury homes in Barcelona
The current moment of uncertainty is not the best for business, between the economic crisis and the political lurches on both sides, it has not stabilized. However, the housing market has remained practically stable, with a logical drop in transactions due to the pandemic, but with a gradually positive evolution of prices, despite the situation, with slight increases at the end of 2021. And one One of the sectors that has endured the blow the most has been luxury housing.
However, changes are being seen in the process of buying and selling luxury homes. Now the time of sale has doubled, up to eight months on average, space that gives to triple the visits that are made before making the decision. Buyers now spend more time looking at houses and, above all, comparing much more than before with other similar properties. The marketing time is somewhat longer, but sales continue to be made when the product is good, at a reasonable price, and above all, it has offices to be able to telework, large terraces and green spaces.
There is a greater interest in luxury real estate. The national buyer has taken center stage, two years of savings have meant for some a large amount of liquidity in accounts, although international investors are returning to close operations after this period of cancellation of flights, in which they had no other way to do the properties by video. Another positive factor is the gradual reopening of all luxury hotels, a basic indicator to assume the full and rapid recovery of the real estate sector in Barcelona.
And it is that the houses around a million euros in reference locations are the ones that are behaving the best in the market. The low interest rates and the monetary stimuli that are being launched from the European Union for the recovery of the economies are channeling savings towards the real estate sector due to the lack of profitable investments in other assets once considered safe.
The forecasts for 2022 point to a growth in the price of transactions, recovering part of what was left during the worst phases of the confinement.
Reports from the construction sector endorse a firm commitment to the use of sustainable materials, to introduce the circular economy in construction processes and more importance will be given to 3D printing. Likewise, industrialized construction will gain momentum and the design of the exterior facade of the buildings will play an important role, both at the level of reform and in the case of new construction.
Like other sectors, construction has stopped evolving in recent years. Although, until now, this process of transformation and innovation followed a slower pace than that of other industries, it is now witnessing how its priorities, methods and techniques are adapting to current social, economic and environmental needs, giving rise to to new trends that contribute to its rapid advance.
A year ago, due to the impact of the health crisis in the sector, the Superior Council of the Colleges of Architects of Spain made a small analysis of the key points that would guide the immediate future of construction and architecture, and in which it was necessary to influence and strengthen in the short and medium term. These were: energy renovation, actions linked to sustainability, greater accessibility, functional adaptation to new ways of life, work and leisure, adaptation to a progressively aging population, adaptation to current health factors and incorporation of new technologies and materials. These needs, framed within the latest national and global strategies, both public and private, have contributed to construction taking an exponential leap and 2022 consolidating itself as the year of definitive transformation.
On the occasion of the start of the new financial year, the experts at Sto, an international company specializing in the manufacture of construction systems and elements, have identified the main trends that will mark this year:
• New techniques in sustainable construction
Climate change is now one of the top priorities in the sector. This has led to construction techniques also evolving in this sense, something that will continue to mark 2022. This appearance will affect not only the construction processes, with a greater commitment to the use of sustainable material resources or the treatment of waste aa through processes inclined to the circular economy, but also in what respects the constructed or rehabilitated building, betting more on elements such as: thermal insulation, quality carpentry, sustainable materials, water saving systems, low consumption appliances, use of renewable energy…
• Reform and renovation will give the definitive impetus
The Recovery, Transformation and Resilience Plan that the Government will maintain in 2021, and the European aid that will accompany it, will promote the rehabilitation of homes and buildings. Although the various measures implemented in recent years have tried to promote this type of action due to the age of the Spanish real estate, it will be from 2022 when the sector picks up pace, learning from what other more advanced countries are doing, and adapting all their solutions to our climatic and cultural reality.
• Technological leap for greater efficiency and effectiveness in the execution of projects
In 2022, the search for techniques and methods that speed up any construction project without wasting resources or reducing the quality, safety and comfort of the building will be the key. And this is only achieved with the support of new technological systems such as BIM, a collaborative work methodology for the creation and management of a construction project, which aims to centralize all project information in a digital information model. All this, with a single purpose: efficiency in the execution of architecture and engineering works.
• Settlement of industrialized construction
Those of sustainability and digitization are placing the principles in the spotlight for new construction models such as the industrialized one, based on the automated design and manufacture of the structural and non-structural elements of a building. The benefits it provides at a social, economic and environmental level will be the basis of its success this year: optimization of production times up to 50%, cost reduction up to 20%, digitized process and automated production, reduction of the environmental impact of the construction and creation of much more specialized, safe, attractive and inclusive jobs. This model is also applicable to the entire construction sector - real estate, infrastructure...- and, although it is an excellent solution for new construction projects, it also has a place in rehabilitation.
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• Integration of 3D printing technology
3D printing applied to construction consists of a group of manufacturing technologies that allow the creation of a three-dimensional object through the successive superposition of layers of certain materials. Due to its ease in working with details, it is becoming an excellent construction method for more artistic buildings, even in constructions located in areas with changing climatic conditions. In 2021, multiple 3D printing projects have been launched, and 2022 will follow a similar trend. In fact, companies in the sector set an annual growth figure of 14% until 2027.
• Aesthetics and design, also on exterior facades
All this increased commitment to sustainability and technological innovation is not at odds with aesthetics. Just as interior decoration has gained a leading role in recent decades, the striking design of facades, both in rehabilitation and in new construction, will make the leap in 2022. In fact, it is already possible to fully customize the exterior area of a building applying different types of materials: renders (organic, mineral, silicate...), porcelain stoneware in different forms of presentation (compact, extruded, large format), ceramics of various colors and surfaces (smooth, rough, plastic...) , natural stone of different types (sandstone, dolomite...) or even with glass, in different shades and treatments.
• More flexible, multifunctional and bright spaces
The population gives more importance than ever to the spaces in which they live and work, which has caused the lifestyle of the new generations to prevail in both homes and offices. In the case of offices, with the return to face-to-face attendance, open spaces will be chosen where the space is shared with cafeteria, meeting or rest areas, to facilitate mobility. Residential architecture, for its part, will play with the notions of multifunctionality, versatility and modularity in open spaces, in order to reinvent itself in just a few moments.
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