Annual report of sale prices in Barcelona - December 2021
An atypical year is ending, which has served to put housing back at the center of real estate activity, consolidating its strength within the financial market. The increase in the granting of mortgages and the volume of sale and purchase transactions generated throughout these twelve months has made it clear that the residential segment continues to boom. Interest in housing has been largely motivated by the refuge value nature of this asset, a feature that has taken on enormous relevance given the inflationary scenario that we are going through. In this sense, savings move towards housing, with an attractive long-term profitability. The fourth most expensive province in Spain was Barcelona (€ 2,862 / m²). Regarding the districts of the capital Barcelona, the quarterly increases were led by Horta-Guinardó (3.53%), Sarrià-Sant Gervasi (2.66%) and Les Corts (2.35%). In this period, the most striking falls were recorded by Nou Barris (-2.51%), Gràcia (-0.91%) and Sant Martí (-0.48%). Six-monthly, the districts that increased the most were Sants-Montjüic (3.38%), L´Eixample (3.35%) and Horta-Guinardó (3.02%). Sant Andreu (-3.58%), Gràcia (-3.12%) and Nou Barris (-2.43%) were the only districts that fell. From one year to the next, those that grew the most were Horta-Guinardó (4.73%), Sarrià-Sant Gervasi (3.48%) and Sant Martí (3.26%), while the area of decreases had as protagonists Gràcia (-5.27%), Sant Andreu (-4.04%) and Nou Barris (-3.65%). Sarrià-Sant Gervasi (€ 5,649 / m²), Les Corts (€ 5,338 / m²) and L´Eixample (€ 5,279 / m²) were the most expensive districts, while the cheapest were Nou Barris (€ 2,448 / m²), Sant Andreu (€ 3,073 / m²) and Horta-Guinardó (€ 3,214 / m²). And what does 2022 hold? It is very likely that house prices will continue to rise, in line with inflation, which is a wake-up call for potential buyers. If you are financially eligible to own, waiting could mean buying more expensively or not finding a bargain in your desired location. Furthermore, no radical twists are expected when it comes to European monetary policy, so mortgages will remain cheap, with the fixed rate gaining more and more ground.