Barcelona is one of the most vibrant and beautiful cities in Europe, with a rich culture and history. It is known for its stunning architecture, delicious food, and exciting nightlife.
However, many people wonder whether the cost of living in Barcelona is affordable or not, especially when it comes to buying or renting a home. In this article, we will explore whether houses are expensive in Barcelona.
Cost of Living in Barcelona
Before delving into the cost of houses in Barcelona, it’s essential to understand the overall cost of living in the city. The cost of living in Barcelona is relatively high compared to other Spanish cities. According to Numbeo, a website that provides data on the cost of living worldwide, the cost of living index in Barcelona is 63.77% higher than Madrid.
Factors Affecting Housing Prices
Several factors can affect the housing prices in Barcelona. One of these factors is location.
Like any other city, some neighborhoods are more expensive than others. For example, neighborhoods like Eixample and Gracia are trendy and popular with locals and expats alike; thus, they tend to be more expensive than other areas like El Raval.
Another factor that affects housing prices is the type of property you’re looking for. Apartments tend to be less expensive than standalone houses or villas. Additionally, new homes are often more expensive than older ones.
Buying vs Renting
The decision to buy or rent a house depends on several factors such as your budget and personal preferences. If you’re planning on staying in Barcelona for an extended period or want to invest in property here, buying a home might be a good option for you.
According to Idealista’s data on housing prices from May 2021, the average price per square meter for buying an apartment in Barcelona was €4,244/sq.m. If you’re looking to buy a 70 sq.m apartment in the city center, the average price would be around €297,080.
On the other hand, if you’re planning on staying in Barcelona for a short period, renting might be a better option. The average monthly rent for a one-bedroom apartment in the city center is around €900-€1000/month.
Conclusion
So, are houses expensive in Barcelona? Well, it depends on various factors such as location and property type.
However, compared to other European cities like London or Paris, Barcelona’s housing prices are relatively affordable. Whether you’re planning on buying or renting a house in Barcelona, it’s essential to do your research and work with reputable real estate agents to find a property that meets your needs and budget.