Housing in Catalonia in October 2022 had an average price of €2,559/m2, 1.88% higher compared to the previous year, but falling -0.73% compared to September. In terms of prices, Barcelona (€2,919/m²) was the fourth most expensive province in Spain. Year-on-year, Barcelona (3.09%) recorded the most intense rise at the regional level. For its part, with 4,434 €/m2 in October 2022, Barcelona was the second most expensive provincial capital in Spain. The keys - The rate of production of new construction is low, which transfers the weight to the second hand and prevents reductions from materializing. - House prices will tend to moderate, but no pronounced adjustments are expected. - The situation of the residential market is very particular because the property is at the center of the life plan of many Spaniards. - The sprint to buy a home before the rise in mortgage prices intensifies is practically exhausted. - The third rise in interest rates by the European Central Bank in October could not be the last, given that the body is determined to control inflation. - Although the appetite to buy a home will lose momentum due to economic difficulties, prices will not experience striking cuts because "supply continues to be lower than demand, despite the fact that part of the potential buyers will extend their period as tenants"

The province of Barcelona with €2,932/m² ranked fourth among the most expensive in Spain. The city of Barcelona grew by 1.72% in the third quarter, reaching an average of €4,448/m² in September 2022. Compared to the Catalan municipalities, Sitges, with €4,529/m², was the eighth most expensive city in Spain. With regard to the districts of Barcelona capital, the most relevant quarterly increases came from L'Eixample (4.22%), Sant Martí (3.85%) and Sants-Montjuïc (3.40%). In this same period, the only fall was that of Ciutat Vella (-2.10%). From one year to the next, the districts that grew were Sant Martí (8.04%), L'Eixample (7.93%) and Horta-Guinardó (6.93%). In the falls section, only Ciutat Vella fell (-1.81%). Sarrià-Sant Gervasi (€5,754/m²), L´Eixample (€5,571/m²) and Les Corts (€5,425/m²) were the most expensive districts, while the cheapest were Nou Barris (€2,578/m²), Sant Andreu (€3,151/m²) and Horta-Guinardó (€3,319/m²). Second-hand housing continues to rise in the third quarter of the year, but with the recent increases in interest rates by the European Central Bank, the slowdown will soon begin. All this, together with the rise in mortgages and the possible arrival of an economic recession, will limit the thrust of a market as people focus on saving.

he typical apartment in Catalonia registered an average price of €11.76/m² in August 2022, which represented a monthly increase of 0.86%. Compared to August 2021, the increase was 8.79%, the second largest national increase, according to the monthly rental price report prepared by piso.com     The increase in rental prices in Spain is confirmed, reflecting the skyrocketing inflation that the Spanish economy is experiencing. The rise in interest rates operated by the ECB is already making mortgages more expensive. The drop in consumption that is coming will be transferred to rent, since the people who had planned to buy will wait.   Barcelona was the most expensive capital in Spain Compared to July, Barcelona (2.92%) was the Spanish province that grew the most. At €12.95 per square meter in August 2022, Barcelona was the second most expensive province for tenants in Spain. In the prices section, Barcelona (€18.36/m²) was the most expensive provincial capital in Spain. Catalonia was the third region with the most expensive monthly payment for tenants, behind Madrid (€13.56/m²) and the Balearic Islands (€12.65/m²). For its part, the standard rental flat in Spain had an average price of €10.19/m² in August 2022. This figure showed a monthly fall of -0.49%. In the year-on-year comparison, it rose by 4.73%. Source: pisos.com

Second-hand housing in Catalonia in August 2022 had an average price of €2,581/m2. This figure represented a monthly rise of 1.56%, the second highest in Spain. Year-on-year, it was up 3.05%. Catalonia was the fourth most expensive autonomy. As for second-hand housing in Spain, in August 2022 it earned an average price of €1,951/m2, posting a monthly rise of 0.95%. From one year to another, the registered figure marked a rise of 5.26%. Barcelona was the second most expensive capital in the country Monthly, the province of Barcelona (1.84%) was the third in the national ranking of promotions. In terms of prices, the fourth most expensive province in Spain was Barcelona (€2,941/m²). Barcelona city (2.99%) had the most intense monthly increase in the country, with €4,473/m2 in August 2022, it was the second most expensive provincial capital in the country. Evolution of housing prices in Barcelona August 2022 The residential market has experienced incredible dynamism throughout 2022 (it has even reached price levels prior to the 2008 crisis), but from now on the figures may drop in certain media due to the fact that with the rise in rates of July carried out by the European Central Bank and that which is forecast in September, there will be a decrease in the purchase of housing due to the increase in the cost of financing. With inflation that has been running for two months now at a rate of two in a row, the recession is a more than real threat to the economy, especially if other variables such as GDP or unemployment are taken into account, all of which will cause a drop in real estate transactions, and this will end up in prices.

The price of housing in Catalonia increased by 1.72% compared to 2021, with an average price of €2,542/m2 in July, which represents -0.15% compared to June 2022. Barcelona was the second capital of most expensive province in Spain with €4,343/m2 in July 2022.   Evolution of housing prices in Barcelona July 2022   The real estate market is going to experience changes due to the recent rise of 0.50% in official rates operated by the European Central Bank. The agency's decision, aimed at placating the push of inflation, will result in higher financing costs. As mortgages are not as cheap as before, it is possible that buyers contain their enthusiasm for buying a home, delaying their decision in order to increase their previous savings so that, in this way, the amount borrowed is smaller.   Deep corrections are not going to take place, rather we will see a cooling in the upward trajectory. The distance between supply and demand is going to narrow, without sudden contractions, but with a product for sale that is more adjusted to economic reality. This slowdown will pass by stressed locations and consolidated and scarce typologies.