The Spanish real estate market has witnessed a steady rise in housing prices over the past few years, and Barcelona has been no exception. However, in the midst of this upward trend, one neighborhood in particular has recorded a decline in housing prices in 2023. This is the Nou Barris neighborhood, located to the west of Badalona, which has become the only district in Barcelona where prices have fallen.
According to recent data from the web portal Idealista, the average price per square meter in Nou Barris currently stands at 2,386 euros, representing a drop of 1.3% compared to the same period last year.
This decrease contrasts with the trend observed in the rest of Barcelona, where prices have increased across the board.
Therefore, Nou Barris presents itself as an attractive option for those looking to buy a home in Barcelona without incurring the high costs.
With lower prices and a drop in prices compared to the previous year, this neighborhood offers an opportunity for those who wish to settle in the Catalan metropolis without sacrificing financial stability.
The neighborhood of Nou Barris with the lowest rent And the highest?
The current situation of the real estate market in Barcelona reflects the reality of many other Spanish cities, where housing prices have reached historic levels. With an average of 4,317 euros per square meter, Barcelona is positioned as the third most expensive capital city in Spain, behind only San Sebastian and Madrid.
For its part, the Sarrià-Sant Gervasi district, located under the Tibidabo mountain, is the most expensive in the city, with a price per square meter that exceeds 5,600 euros in used homes.
Meanwhile, the popular Eixample neighborhood, near Paseo de Gràcia, has experienced a 9.8% increase in prices over the last year, reaching 5,325 euros per square meter.
Other districts such as Sant Martí have also seen a significant increase in prices, with an increase of 9.6% over the previous year. These figures reflect the high demand for housing in Barcelona, driven in part by factors such as economic growth and the city’s tourist appeal.
The performance of the national real estate market
Meanwhile, nationally, the housing market continues to show signs of strength, with a 1.7% increase in used home prices during the first quarter of 2024.
Autonomous communities such as the Canary Islands and Madrid have experienced the largest increases, while regions such as Navarra have seen a slight decrease in prices.
Therefore, the Nou Barris neighborhood stands out as a more affordable option for those looking to buy a home in Barcelona.
