Do you want to know more about the Barcelona real estate market in 2022? Below, we have made an in-depth analysis on what were the forecasts for the real estate market in 2022 and how this has been evolving over the past year 2022.

As we reflect on the property market in Barcelona in 2022, the positive news is that it was a year of continued growth and high demand. The city’s economy remained relatively strong, and its cultural attractions and favourable climate continue to make it an attractive destination for both local and international buyers.

The latest figures from the Spanish National Institute of Statistics show that the number of sales transactions in the province of Barcelona in 2022 reached 66,257, an increase of 14.2% on the number of transactions in the previous year. This growth can be attributed to the continued demand for properties in the city, as well as the economic recovery post-Covid and low interest rates that have made buying a property more attractive for buyers.

According to the latest figures from the Generalitat de Catalunya, the property market in the city of Barcelona itself in 2022 also saw an increase in the number of sales transactions compared to 2021, of 16.13%, again driven by the continued strong demand from both local and foreign buyers and a strong indicator of the resilience of the market.

Overall, the Barcelona property market in 2022 saw strong sales figures across all of the city’s ten districts, with several districts seeing a significant increase in the number of sales transactions compared to the previous year and only one of the ten districts registering a decrease in the number of sales transactions.

To gain a better understanding of the market in 2022, we will take a look at the data from each of the city’s ten districts, which provides valuable insights into the market’s performance and highlights the continued demand for properties in Barcelona.

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Eixample

Known for its unique grid-like layout and beautiful modernista architecture, the central district of Eixample is a popular area for both locals and tourists due to its proximity to the city centre and many of Barcelona’s top attractions. The Eixample district saw the highest number of sales transactions in 2022, with a total of 2,737 sales. This represents an increase of 28.56% compared to the previous year.

Property prices in Eixample are some of the highest in the city, with the average price per square metre ending 2022 on €4,887, an increase of 6.42% compared to the end of 2021, according to leading property portal Idealista.

Rental prices ended the year on €19.2 per square metre, an annual increase of 26.32%, again according to leading property portal Idealista.

Barcelona Old Town

Barcelona Old Town, known as the Ciutat Vella, is the historic centre of Barcelona. Known for its narrow streets, medieval buildings and trendy cafés and boutiques, it is a popular area for both locals and international buyers. A total of 1,290 sales transactions were carried out in Barcelona Old Town in 2022, an increase of 25.36% compared to the previous year.

The average property price at the end of 2022 was €4,153 per square metre, an increase of 3.8% on average prices at the end of 2021.

Rental prices ended the year on €21.4 per square metre, an annual increase of 25.15%.

Sarrià-Sant Gervasi

Sarrià-Sant Gervasi, an affluent residential district in the northwest of Barcelona, saw a total of 1,417 sales transactions in 2022. This represents an increase of 20.70 % compared to the previous year.

Property prices in this desirable neighbourhood remain some of the highest in Barcelona. Average property prices ended 2022 on €5,462 per square metre, an increase of 3.76% on prices at the end of 2021.

Rental prices ended the year on €20 per square metre, an annual increase of 25.79%.

Gràcia

Known for its bohemian atmosphere and lively nightlife, the vibrant neighbourhood of Gràcia is popular with young professionals, families and those looking for a. more laid-back and community-orientated lifestyle. A total of 1,301 sales transactions took place in Gràcia in 2022, an increase of 21.36% compared to the previous year.

Property prices in Gràcia are now some of the highest in the city, with the average price ending 2022 on €4,392 per square metre, showing an increase of 2.38% compared to the end of 2021. Rental prices ended the year on €17.3 per square metre, an annual increase of 20.14%.

Les Corts

Les Corts is a residential district in the west of the city that is also home to large commercial and business areas: that’s why it’s considered an area with the best luxury apartments in Barcelona for sale.  The lowest number of property transactions were carried out in this district in 2022, with just 704 sales being registered. This was still an increase of 15.03% compared to the number of sales in 2021.

Property prices in the district of Les Corts, however, ended the year of 2022 as some of the highest in the city, with the price in December averaging at €4,936 per square metre, an increase of 1.92% on prices in December 2021.

Rental prices ended the year on €16.7 per square metre, an annual increase of 16.78%.

Sant Martí

Sant Marti is a rapidly developing neighbourhood in the east of Barcelona that is known for its modern architecture and proximity to the beach. It has become increasingly popular with young professionals and families in recent years due to its affordable prices and growing amenities. The district saw the second-highest number of sales transactions in 2022, with a total of 2,373 sales, representing an increase of 14.58% compared to 2021.

Property prices in Sant Marti are some of the lowest in the city, with the average price per square metre ending 2022 on €3,607, an increase of 3.06% when compared to average prices at the end of 2021.

Rental prices ended the year on €18.8 per square metre, an annual increase of 25.33%.

Sants-Montjuïc

The Sants-Montjuïc district, known for its hilltop castle and lively streets, saw a total of 1,901 sales transactions in 2022. This represents an increase of around 31.56% compared to the previous year.

Property prices here are lower than in many other parts of the city, with the average price ending 2022 on €3,384 per square metre, an increase of just 0.56% compared to the end of the previous year.

Rental prices ended the year on €16 per square metre, an annual increase of 16.79%.

Nou Barris

Situated in the northern part of the city, Nou Barris is a large and diverse neighbourhood that is ideal for families wanting to escape the hustle and bustle of the city centre. A total of 1,627 property sales transactions were registered in 2022, representing an increase of 20.97% compared to the previous year.

Property prices in Nou Barris are the lowest in the city, with average prices ending 2022 on €2,391 per square metre, an increase of 1.31% on average prices at the end of 2021.

Rental prices ended the year on €13.4 per square metre, an annual increase of 9.84%.

Horta-Guinardó

Located in the northeast of Barcelona, Horta-Guinardó is the city’s third largest district and is known for its many parks and gardens. Property sales transactions in Horta-Guinardó remained stable in 2022 with exactly the same number of transactions being carried out (1,552) in 2022 as in 2021.

Property here is more affordable than in other parts of the city, with average prices ending 2022 on €3,114 per square metre, an increase of 3.8% compared to the end of the previous year and the second lowest average price of all the city’s ten districts.

Rental prices ended the year on €14.1 per square metre, an annual increase of 12.8%.

Sant Andreu

Located in the northeastern part of the city, Sant Andreu is notable for its lively and multicultural atmosphere. Sant Andreu was the only one of the city’s ten districts to register a drop in the number of sales in 2022 when compared to 2021, with 1,013 sales transactions representing a decrease of 21.29%.

Average property prices in Sant Andreu ended 2022 as the second lowest of all the city’s districts, with an average price per square metre of €3,158, an increase of 3.85% compared to the average price at the end of 2021.

Rental prices ended the year on €13.7 per square metre, an annual increase of 7.03%.

Average property sale sprice in Barcelona city, 2021 vs 2022

In conclusion, the property market in Barcelona in 2022 was a year of continued growth and high demand, with prices and numbers of transactions remaining at a good level. Whether you are looking for a central location, a laid-back community or a more exclusive lifestyle, Barcelona has something to offer for every buyer. With the city’s relatively strong economy and cultural attractions, the property market in Barcelona is expected to remain fairly robust in the coming years despite the obvious global obstacles it faces.