Property in Spain

Very recently, Bank of Spain revised its forecast fort he impact of the coronavirus outbreak on the country’s economy, predicting a 15,1% GDP drop and unemployment rate of 19,6% by the end of 2020.

This leads to an almost inevitable drop in property prices according to the market authorities. Several real estate experts state their estimations between a drop of 5 to 30 % all over Spain.

But nevertheless, the same authorities only expect a drop of 5% in central neighborhoods of Barcelona such as E’ixample and Gracia.

So even under the circumstances, Barcelona has always been a prefered city.

If you are planning an investment in real estate, do not delay!

Check here: Expectation on house prices

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