{"id":387604,"date":"2017-05-15T10:47:15","date_gmt":"2017-05-15T08:47:15","guid":{"rendered":"https:\/\/locabarcelona.egluu.com\/?p=387604\/"},"modified":"2024-07-29T16:47:49","modified_gmt":"2024-07-29T14:47:49","slug":"time-to-buy","status":"publish","type":"post","link":"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/","title":{"rendered":"TIME TO BUY"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"387604\" class=\"elementor elementor-387604\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2470dcf1 e-flex e-con-boxed e-con e-parent\" data-id=\"2470dcf1\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7fab78ee elementor-widget elementor-widget-text-editor\" data-id=\"7fab78ee\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><strong><span style=\"color: #ff6600;\">Property hunting in the Barcelona<\/span><\/strong><\/h2><p>Everyone remembers how in 2007 the global real estate collapse hit Spain hard. In Barcelona, home prices plunged by as much as 40 percent and sales didn\u2019t pick up until 2014.<\/p><p>In mid to late 2014 we began to finally see international investors and institutional investors dip their toe in the market encouraged by the great value on offer.<\/p><p>In 2016 we began to see small price increases although the market remains significantly under value and far from recovery. The market has however \u2018bottomed out\u2019 in our view.<\/p><p>While prices in popular neighbourhoods such as the Eixample, Ciutat Vella and El Born, which are all popular with foreign home seekers, increased by 18 percent last year, Barcelona is still a bargain compared with other large European cities, including London and Paris.<\/p><p>Refurbished apartments of about 100 square meters (or 1,076 square feet) in the city centre can be had for about 5,000 euros a square meter, or about $500 a square foot. An unrenovated apartment (if you can find one!) in the city centre could sell for as little as 2,500 euros a square meter, or about $250 a square foot, while luxury penthouses or villas in prime areas could cost as much as 20,000 euros a square meter, or about $2,000 a square foot. A well-priced apartment or home can sell within a week. Check out our listing of <a href=\"https:\/\/locabarcelona.egluu.com\/en\/property-status\/sales\/\">apartments for sale in Barcelona<\/a>.<\/p><h2><strong><span style=\"color: #ff6600;\">\u2018Standing with you all the way\u2019<\/span><\/strong><\/h2><p>We have helped many foreign buyers source their perfect investment and guided them through the property buying process. The key from our perspective is to work closely with clients who have a clear idea of their investment criteria and can move and adapt quickly and decisively in a fast moving market.<\/p><p>If you want a more personalised buying process while saving time and money, you might be interested in our <a href=\"https:\/\/locabarcelona.egluu.com\/en\/sales-apartments-barcelona\/personal-shopper-real-estate-in-barcelona\/\">personal shopper services<\/a>.<\/p><p>We are a niche real estate company working exclusively for individual foreign buyers in the Barcelona market.<\/p><h2><span style=\"color: #ff6600;\"><b>Who buys in Barcelona?\u00a0<\/b><\/span><\/h2><p style=\"text-align: left;\">We started Locabarcelona to\u00a0service the needs of Barcelona\u2019s\u00a0biggest foreign buyers\u2026the\u00a0French!<\/p><p style=\"text-align: left;\">We can now count buyers from\u00a0Italy, Great Britain, Russia and\u00a0China amongst our clientele.\u00a0Indeed homebuyers have been<\/p><p style=\"text-align: left;\">attracted by the <a href=\"https:\/\/locabarcelona.egluu.com\/en\/sales-apartments-barcelona\/golden-visa-spain\/\">Golden Visa<\/a> program of 2013, which offers residency status to non European Union citizens investing at least<\/p><p style=\"text-align: left;\">500,000 euros, or about $535,000,\u00a0in a property.<\/p><h2><span style=\"color: #ff6600;\"><b>Buying Guide<\/b><\/span><\/h2><p>There are no restrictions on foreign homebuyers in Spain. They must generally obtain an identification number to open a Spanish bank account to complete a property purchase. The process is straight forward and we guide all our clients through it without difficulty.<\/p><p>We always advise hiring a lawyer, though a notary normally completes the transaction and is usually appointed by the seller.<\/p><p>Appointing their own lawyer gives our clients the assurance that they often want when investing significant sums abroad. The legal process is different from other jurisdictions and we recommend Barcelona City based lawyers to our clients whom we know well and who crucially speak fluent English and have acted for our foreign clients previously. The lawyer\u2019s fees are not extortionate and in our experience having legal documents which evidence the deposit monies being paid is often very reassuring to our foreign investors.<\/p><p>Foreign homebuyers can obtain a mortgage from Spanish banks, which typically finance from 30 percent to 70 percent of assessed value. Euro mortgage rates are currently great value and can be as low as 1.8%. It is also worth checking within your own countries mortgage market as for example many mainstream UK banks now routinely offer Spanish mortgages.<\/p><p>We also stress to our clients the huge importance of searching the foreign exchange market before converting their hard earned currency to Euro\u2019s. Whether it is to finance the deposit or as in many cases the entire purchase price (many UK clients have remortgaged their UK home to release equity to fund their Barcelona property for example) always check out the online foreign exchange brokerage market.<\/p><p>Exchange rates and the timing of your currency move can have a dramatic impact upon your finances. We have worked with clients who have funded the furnishing of their new Barcelona appartment purely from gains made on their currency change so it pays to do your research!<\/p><p>Good luck<\/p><p>Alban Drapeau<\/p><p>Phone 0034 934 67 52 67<\/p><p>Email alban@locabarcelona.com<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Property hunting in the Barcelona Everyone remembers how in 2007 the global real estate collapse hit Spain hard. In Barcelona, home prices plunged by as much as 40 percent and sales didn\u2019t pick up until 2014. In mid to late 2014 we began to finally see international investors and institutional investors dip their toe in&#8230;<\/p>\n","protected":false},"author":353,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[357],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.6 (Yoast SEO v22.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TIME TO BUY | Locabarcelona<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TIME TO BUY | Locabarcelona\" \/>\n<meta property=\"og:description\" content=\"Property hunting in the Barcelona Everyone remembers how in 2007 the global real estate collapse hit Spain hard. In Barcelona, home prices plunged by as much as 40 percent and sales didn\u2019t pick up until 2014. In mid to late 2014 we began to finally see international investors and institutional investors dip their toe in...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/\" \/>\n<meta property=\"og:site_name\" content=\"Locabarcelona\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-15T08:47:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-29T14:47:49+00:00\" \/>\n<meta name=\"author\" content=\"Abril Milia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abril Milia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/\"},\"author\":{\"name\":\"Abril Milia\",\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/#\/schema\/person\/dd79b08cf2a796586ad6a355d88e0d61\"},\"headline\":\"TIME TO BUY\",\"datePublished\":\"2017-05-15T08:47:15+00:00\",\"dateModified\":\"2024-07-29T14:47:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/\"},\"wordCount\":714,\"publisher\":{\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/\",\"url\":\"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/\",\"name\":\"TIME TO BUY | Locabarcelona\",\"isPartOf\":{\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/#website\"},\"datePublished\":\"2017-05-15T08:47:15+00:00\",\"dateModified\":\"2024-07-29T14:47:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Inicio\",\"item\":\"https:\/\/www.locabarcelona.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TIME TO BUY\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/#website\",\"url\":\"https:\/\/locabarcelona.egluu.com\/en\/\",\"name\":\"Loca Barcelona\",\"description\":\"Real Estate Services\",\"publisher\":{\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/locabarcelona.egluu.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/#organization\",\"name\":\"Loca Barcelona\",\"url\":\"https:\/\/locabarcelona.egluu.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/locabarcelona.egluu.com\/wp-content\/uploads\/2021\/10\/logo_locabarcelona_small.png\",\"contentUrl\":\"https:\/\/locabarcelona.egluu.com\/wp-content\/uploads\/2021\/10\/logo_locabarcelona_small.png\",\"width\":250,\"height\":149,\"caption\":\"Loca Barcelona\"},\"image\":{\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/#\/schema\/person\/dd79b08cf2a796586ad6a355d88e0d61\",\"name\":\"Abril Milia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/locabarcelona.egluu.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/24f57c83ad1cee4463f28577c080dfd4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/24f57c83ad1cee4463f28577c080dfd4?s=96&d=mm&r=g\",\"caption\":\"Abril Milia\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"TIME TO BUY | Locabarcelona","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"TIME TO BUY | Locabarcelona","og_description":"Property hunting in the Barcelona Everyone remembers how in 2007 the global real estate collapse hit Spain hard. In Barcelona, home prices plunged by as much as 40 percent and sales didn\u2019t pick up until 2014. In mid to late 2014 we began to finally see international investors and institutional investors dip their toe in...","og_url":"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/","og_site_name":"Locabarcelona","article_published_time":"2017-05-15T08:47:15+00:00","article_modified_time":"2024-07-29T14:47:49+00:00","author":"Abril Milia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Abril Milia","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/#article","isPartOf":{"@id":"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/"},"author":{"name":"Abril Milia","@id":"https:\/\/locabarcelona.egluu.com\/en\/#\/schema\/person\/dd79b08cf2a796586ad6a355d88e0d61"},"headline":"TIME TO BUY","datePublished":"2017-05-15T08:47:15+00:00","dateModified":"2024-07-29T14:47:49+00:00","mainEntityOfPage":{"@id":"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/"},"wordCount":714,"publisher":{"@id":"https:\/\/locabarcelona.egluu.com\/en\/#organization"},"articleSection":["News"],"inLanguage":"en"},{"@type":"WebPage","@id":"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/","url":"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/","name":"TIME TO BUY | Locabarcelona","isPartOf":{"@id":"https:\/\/locabarcelona.egluu.com\/en\/#website"},"datePublished":"2017-05-15T08:47:15+00:00","dateModified":"2024-07-29T14:47:49+00:00","breadcrumb":{"@id":"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/locabarcelona.egluu.com\/en\/real-estate-news\/news-in-barcelona\/time-to-buy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Inicio","item":"https:\/\/www.locabarcelona.com\/en\/"},{"@type":"ListItem","position":2,"name":"TIME TO BUY"}]},{"@type":"WebSite","@id":"https:\/\/locabarcelona.egluu.com\/en\/#website","url":"https:\/\/locabarcelona.egluu.com\/en\/","name":"Loca Barcelona","description":"Real Estate Services","publisher":{"@id":"https:\/\/locabarcelona.egluu.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/locabarcelona.egluu.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en"},{"@type":"Organization","@id":"https:\/\/locabarcelona.egluu.com\/en\/#organization","name":"Loca Barcelona","url":"https:\/\/locabarcelona.egluu.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/locabarcelona.egluu.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/locabarcelona.egluu.com\/wp-content\/uploads\/2021\/10\/logo_locabarcelona_small.png","contentUrl":"https:\/\/locabarcelona.egluu.com\/wp-content\/uploads\/2021\/10\/logo_locabarcelona_small.png","width":250,"height":149,"caption":"Loca Barcelona"},"image":{"@id":"https:\/\/locabarcelona.egluu.com\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/locabarcelona.egluu.com\/en\/#\/schema\/person\/dd79b08cf2a796586ad6a355d88e0d61","name":"Abril Milia","image":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/locabarcelona.egluu.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/24f57c83ad1cee4463f28577c080dfd4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/24f57c83ad1cee4463f28577c080dfd4?s=96&d=mm&r=g","caption":"Abril Milia"}}]}},"_links":{"self":[{"href":"https:\/\/locabarcelona.egluu.com\/en\/wp-json\/wp\/v2\/posts\/387604"}],"collection":[{"href":"https:\/\/locabarcelona.egluu.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/locabarcelona.egluu.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/locabarcelona.egluu.com\/en\/wp-json\/wp\/v2\/users\/353"}],"replies":[{"embeddable":true,"href":"https:\/\/locabarcelona.egluu.com\/en\/wp-json\/wp\/v2\/comments?post=387604"}],"version-history":[{"count":3,"href":"https:\/\/locabarcelona.egluu.com\/en\/wp-json\/wp\/v2\/posts\/387604\/revisions"}],"predecessor-version":[{"id":535895,"href":"https:\/\/locabarcelona.egluu.com\/en\/wp-json\/wp\/v2\/posts\/387604\/revisions\/535895"}],"wp:attachment":[{"href":"https:\/\/locabarcelona.egluu.com\/en\/wp-json\/wp\/v2\/media?parent=387604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/locabarcelona.egluu.com\/en\/wp-json\/wp\/v2\/categories?post=387604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/locabarcelona.egluu.com\/en\/wp-json\/wp\/v2\/tags?post=387604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}