Casa Catalonia, Barcelona
- Properties From $453,000
- Tenure: Freehold
- Estimated Rental Return: 14%
- Completion: Q4 2023
- Barcelona offers some of the best rental returns in Europe. According to Deloitte, Barcelona has twice the rental yield of Paris and London. Barcelona is considered the 6th most attractive city to invest in.
- The city of Barcelona is becoming an increasingly attractive option for many professionals who choose to work remotely.
- Investors are increasingly seeking Barcelona real estate as a hedge against inflation. The strength of the dollar against the euro is encouraging many American buyers to purchase luxury properties in Spain.
The Property
This new development is in Poblenou, Barcelona’s coolest neighborhood, according to Lonely Planet. It is located close to the public gardens of the Jardins de Gandhi, the Jardins de Remedios Varó, and the Diagonal Mar Park. It is also only a 10 minute walk to Barcelona’s best beaches, as well as the famous La Rambla de Poblenou. The complex comprises of 18 two and three bedroom apartments that are a maximum of 394 square feet. All the apartments are finished to a high specification, and have a balcony and garage.
-Center of Barcelona
-Walking distance to the beach
-Modern, high quality finishings
Why Spain?
- 87 million visitors
- 300 days of sunshine
- Low cost of living
Spain is considered one of the most attractive countries for real estate investments in Europe. In Spain, the demand for rental properties has increased by more than 10% year on year. An expanding market offers many advantages, such as a large number of potential customers, as well as less intense competition. According to a report published by the Central Bank of Spain in 2022, properties can expect a return of + 11.2%. The good news for international real estate cash-buyers: it should be easier to find properties as interest rates are rising. In 2019 (prior to Covid), Spain was the second most visited country in the world with 83.7 million visitors. Some of the worlds biggest REITs have turned their attention to developing luxury homes on the Costa del Sol due to the high ROI.
Est. Return
- Occupancy Rates: 83%*
- Est Revenue: $63,400*
- *Based on AirBnB data
Location
Poblenou is a neighborhood, located just minutes from the center of Barcelona, that went from an industrial zone to a modern and creative hotspot. It is packed with restaurants, bars, and art galleries. Bogatell, La Mar Bella, and Nova Mar Bella beaches are within walking distance, as is La Base Náutica: the city’s water-sports school. The building is surrounded by gardens and public parks: Jardins de Gandhi, Jardins de Josep Trueta, and Jardins de Remedios Varó. It is a short walk from the epicenter of Poblenou and its famous Rambla and local shops. The nearest Metro Station is Selve de Mar and Poble Nou. Poblenou is not only a thriving business district, but also offers a range of cultural and recreational attractions. The neighborhood has a vibrant arts scene with numerous galleries and exhibition spaces showcasing contemporary art. One of the notable cultural institutions in Poblenou is the Palo Alto Market, which hosts monthly events featuring local designers, artists, and musicians.
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