The sale of luxury homes in Barcelona increases after the pandemic
The pandemic has driven Barcelona into the luxury real estate market. After a few months of sales paralysis due to confinement, the recovery is being faster than anyone could have predicted in the first months of last year.
The recovery has been produced partly by the sales that could not be closed last year and on the other hand by the capital saved during this period and with which they are rethinking improving their priorities. The market has recovered with few international buyers (they are 83% compared to before the pandemic), and that its return, when mobility restrictions are completely relaxed, will give an additional boost to the market.
In the first half of this year, sales have exceeded the levels of 2019, prior to the pandemic, in all luxury areas, both on the coast and in Madrid and Barcelona.
Despite Brexit, British buyers remained the most important group during the first quarter of the year, followed by the French. On the other hand, the markets that have suffered the most from the pandemic have been the Chinese, with a fall of 58%, and the Russian, with a decrease of 32%, since in these the purchases are more linked to obtaining the residence permit with the Golden Visa. The global drop in foreign demand has been 18%.