Although the unemployment rate has only slightly dropped below the 20% mark, a new housing bubble seems to develop with prices well on the rise.
For the example of the Sant Martí district, the following graphic shows how rental prices have gone up during the past 12 months. On the fotocasa and Habitaclia websites (Spanish real estate portals for renting and buying) prices have begun to rise significantly in August/September 2016, yielding increases of 7-8% in a single quarter respectively. If we extrapolate this to August/September 2017, we obtain a 12-month increase in rents of around 30%!
Continue reading “Crisis? What Crisis? Housing prices in Barcelona on the rise again.”