Dreaming about moving to hot and sunny Spain? Maybe already working there and started thinking about buying a house or an apartment in the Catalan capital of Spain? Whatever your objective may be, here are our main tips on how to search Barcelona apartments for sale.
Firstly, one should decide whether to rent or buy. Renting is an option to consider by those who do not know yet whether Spain is an ultimate decision for their life. That is why, prior to preparing to buy an apartment in Barcelona, one should try and live there in a rented house or flat. It is good to know that only 17% of Spanish residents rent their homes while the rest are looking for possible houses for sale in Barcelona. Renting for a few years before buying is generally the safest option, especially in the current Spanish real estate market.
Secondly, one should constantly keep in mind the financial perspective. There are numerous apartments for sale in Barcelona starting from cheap second-hand housing options and to the newly built apartments with the latest furnishing and design. That is why, prior to delving into housing options search, it is necessary to decide on the maximum amount you can spend on buying an apartment in sunny Barcelona.
Barcelona is a highly urbanised, modern city with population of more than 1,6 million people. City is divided into 10 districts:
- Ciutat Vella
- Les Corts
- Sarria-Sant Gervasi
- Nou Barris
- Sant Andreu
- Sant Marti
As Barcelona is one of the biggest tourist attractions in Europe, everyone should keep own needs in mind when choosing part of the city to look for houses, flats, or apartments for sale in Barcelona. Say, Les Corts and Gracia are the best districts for families while students may prefer low budget Nou Barris or Horta-Guinardo.
There is a number of options one may consider when looking for property in Barcelona such as private owners, real estate agencies, and construction companies. One may contact with property owner directly when deciding on a purchase, however, this method increases the risk of being frauded and overpaying. Real estate agencies will likely provide high quality counsel and solve any problem which may arise throughout the buying process. There are a number of local as well as international companies acting as vendors on the Barcelona real estate market, namely Tranio, Engel & Völkers Barcelona, ShBarcelona, and Casamona International Real Estate. As regards buying from construction companies, it means that one largely depends on the company’s performance though is guaranteed newly built flat for fair price.
As any country, Spain has certain legal regulations on how to buy property there for both foreigners as well as locals. Usually, the process of buying a property in Spain starts with an offer made by a buyer through the seller’s estate agent. Upon acceptance, buyer and seller sign a preliminary contract followed by the payment of 10% purchase price deposit by buyer. Then buyer arrenges any mortgage as may be required. Finally, sides sign the contract of sale in front of a notary. From the moment of contract signature all taxes and other costs become effective.