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