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Residency by Real Estate Investment Barcelona
Residency by Real Estate Investment Barcelona

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Barcelona may not be the seat of government in Spain, but it is an international brand and a cultural capital in its own right. Perhaps it is the global appeal of its football team or its famed lifestyle, but for whatever reason, Barcelona is Spain’s global calling card.

Steeped in history, but with a dynamic modern economy, Barcelona is leading Spain’s recovery from the devastating market collapse of 2008. The city’s economy has been the first in the country to recover and during 2014, it has also been the first city to see property prices recover.

Barcelona is home to one of the leading business schools in the world, IESE and a combination of climate, affordability, culture and lifestyle have meant that the city has regularly been named as the best city in the world in which to live.

In addition to its intrinsic appeal, Barcelona is the biggest beneficiary of the government’s Golden Visa scheme. The scheme allows foreign investors in real estate with a value of over €500,000 to obtain a residency visa for themselves and their family. Such a European visa is of huge appeal to many around the world as are the attributes of life in Barcelona; good education, healthcare and business prospects.

In fact it is likely that the Golden Visa scheme is a major driver behind the Barcelona real estate market’s nascent recovery. However, in 2014 Barcelona is a buyer’s market. Price rises with any pace are unlikely to occur until average Spaniards have the economic capacity to buy. This is unlikely to occur within the next 24 months and so there remains a reasonable buying window for investors seeking to capitalise on relatively low prices in a world class European city.

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