Barcelona continues to be one of the most attractive destinations to live and invest in Spain. Its blend of culture, sea, gastronomy, and job opportunities ensures that housing demand remains strong, even in times of economic uncertainty. However, this high demand also causes housing prices to be high compared to other cities in the country.

If you are considering buying, selling, or renting your apartment in Barcelona, it is essential to know the current prices by neighborhood and how they have evolved in recent years. At ImmoBarceló, we help you make the best decision with a detailed and up-to-date analysis.

Price Comparison in the 10 Main Neighborhoods of Barcelona

The city of Barcelona is composed of 10 districts and numerous neighborhoods, each with its own lifestyle, services, and real estate demand. Below, we show you a table with the average prices per m² in the main neighborhoods of Barcelona:

Prices vary considerably from one district to another. If you want to sell your apartment in Sarrià – Sant Gervasi, now is a good time. If you are a buyer, areas like Nou Barris or Sant Andreu offer good opportunities.

Source: https://brainsre.news/

Price Comparison in the 10 Cities Near Barcelona Capital

For those who prefer to live near the city but with somewhat more affordable prices, these are the most sought-after cities in the surroundings of Barcelona:

As you can see, the savings per m² can exceed €2,000 in cities like Martorell or Igualada compared to Barcelona capital. At ImmoBarceló, we help you assess which option best suits your lifestyle and budget.

The 5 Most Affordable Neighborhoods in Barcelona

If you have a tight budget or are looking to invest in areas with revaluation potential, these are the most affordable neighborhoods in the city. You can also search for properties we currently have for sale or rent: Search Properties

• Nou Barris – €2,923/m² With excellent public transport connections and constantly improving services, Nou Barris is one of the areas with the greatest growth potential. Ideal for first-time buyers or long-term investment.
• Sant Andreu – €3,752/m² A charming neighborhood that has managed to maintain its village essence within the big city. Highly valued by families and with a good educational and commercial offer.
• Horta – Guinardó – €3,898/m² Green areas, tranquility, and good access to the center make this district an excellent option for those seeking quality of life at a more affordable price.
• Sants – Montjuïc – €4,459/m² A mix of tradition and modernity, with great cultural dynamism and proximity to key stations like Sants. A good option for both living and renting.
• Sant Martí – €4,659/m² Although it is one of the most expensive among the affordable ones, Sant Martí offers a privileged location near the beach and business areas, making it an interesting bet for long-term rentals.

The 5 Most Expensive Neighborhoods in Barcelona

Conversely, if you are looking for exclusivity and high market value, these are the neighborhoods with the highest prices. You can also search for properties we currently have for sale or rent: Search Properties

• Sarrià – Sant Gervasi – €6,833/m² High-standing residential area with international schools, private clinics, and large avenues. The preferred place for families with high purchasing power.
• Eixample – €6,599/m² The nerve center of the city, with modernist buildings, offices, luxury shops, and a great cultural offer. Ideal for those looking to be in the heart of Barcelona.
• Les Corts – €6,034/m² Modern neighborhood with large shopping centers and close to business areas such as Diagonal. Highly demanded by professionals and executives.
• Gràcia – €5,223/m² Bohemian, creative, and full of life. Gràcia combines pedestrian streets, charming squares, and a strong own identity. Very popular among young people and artists.
• Ciutat Vella – €4,999/m² Includes the Gothic Quarter, El Born, and El Raval. Although with more moderate prices than other premium districts, its historical value and tourist appeal keep its prices high.

How much does an average apartment cost in Barcelona?

The average price of a property in Barcelona currently stands at €498,005, with an average price per square meter of €4,991/m². However, this cost can vary significantly depending on the size and specific characteristics of the apartment:

By number of rooms:

• Studio or 1 bedroom: €4,917/m²
• 2 bedrooms: €5,226/m²
• 3 bedrooms: €4,840/m²
• More than 3 bedrooms: €4,984/m²

By special features:

With terrace: €6,077/m²

With elevator: €5,532/m²

Furnished: €5,642/m²

With parking: €6,463/m²

If you are thinking of selling your apartment in Barcelona or renting, keep these differentiating elements in mind. A terrace, parking space, or modern furniture can significantly increase the value of your home.

Main reasons for the upward price trend in Barcelona

• High demand and low supply: Barcelona’s attractiveness as a place to live, work, or study generates demand that significantly exceeds the number of available properties, driving competition and prices.
• Investor interest: The perception of Barcelona as a solid and profitable real estate market attracts investors looking for second homes or properties to rent, increasing demand and sale prices.
• Urban planning limitations: Regulations that protect heritage and limit new construction in central areas restrict the growth of supply, especially in the most desirable areas, which puts upward pressure on prices. Job and educational attraction: The concentration of technology companies, research centers, and prestigious universities attracts national and international talent, generating constant housing demand in their vicinity.
• Tourism and infrastructure: Barcelona’s excellent connectivity, its rich cultural offer, and its high quality of life make it an attractive destination for visitors and new residents, which translates into greater demand for accommodation and housing.
• Increase in construction costs: The rise in the cost of materials and labor can influence the price of new developments and, by extension, the general market.
• Rental regulation: Rent control policies, although aimed at protecting tenants, can disincentivize investment and reduce long-term supply.
• Gentrification: The transformation of certain neighborhoods attracts residents with higher purchasing power, raising prices and displacing traditional inhabitants.
• Real estate speculation: The purchase of properties with the aim of reselling them at a higher price in a short period can artificially inflate values.
• Interest rates: Fluctuations in interest rates can affect the cost of mortgages and, therefore, purchasing power and demand.

The evolution of housing prices in Barcelona in the last 3 years

In the last three years, the Barcelona real estate market has experienced a notable evolution in housing prices, marked by a general upward trend, although with significant variations between districts. Below is a summary of this evolution:

2022: Stability with slight increases

During 2022, the market showed a moderate recovery after the pandemic. Housing prices in Barcelona experienced slight increases, reflecting a stabilization of the market. Although specific figures for this year are not available, a trend of sustained growth was observed, especially in districts with high demand.

2023: Moderate growth

In 2023, housing prices in Barcelona continued their rise, with a year-on-year increase of 2.6%, placing the average at €4,167/m². This growth was uneven across districts:

• Sant Martí: +5.5%
• Gràcia: +4.7%
• Eixample: +4.3%
• Ciutat Vella: +3.9%
• Sants-Montjuïc: +3.8%
• Horta-Guinardó: +2.8%
• Les Corts: +1.3%
• Sarrià-Sant Gervasi: +0.7%
• Sant Andreu: +0.1%
• Nou Barris: -0.8%

Notably, Nou Barris was the only district that recorded a decrease in prices, while Sant Martí led the growth.

2024: Acceleration of growth

The year 2024 marked a turning point with a year-on-year increase of 12.8%, reaching an average of €4,700/m². All districts experienced increases, with the most significant being:

• Sant Martí: +16.5%
• Les Corts: +15%
• Sant Andreu: +14.8%
• Horta-Guinardó: +13.8%
• Sants-Montjuïc: +13.2%
• Eixample: +12.6%
• Sarrià-Sant Gervasi: +10.6%
• Gràcia: +9.3%
• Ciutat Vella: +7.3%
• Nou Barris: +7.7%

This widespread growth reflects strong demand in the city’s real estate market.

Frequently Asked Questions

Which is the best neighborhood to buy an apartment in Barcelona if I am looking for investment?

For investors, Horta-Guinardó and Sant Andreu present an interesting opportunity. Their purchase prices are currently more affordable compared to central or tourist areas, which reduces the initial investment. However, both neighborhoods are experiencing gradual revaluation due to urban improvement projects, new transport connections, and growing residential interest.

Are rents also becoming more expensive?

Yes, the increase in rents is a palpable reality in Barcelona, especially affecting apartments of less than 100 m². This type of housing is highly demanded by students, young people moving out on their own, and couples without children.

Which is the most expensive neighborhood in Barcelona?

Traditionally, the neighborhoods of the Upper Zone of Barcelona, mainly Pedralbes and Sarrià-Sant Gervasi, are distinguished by having the highest housing prices in the city. These areas offer an exclusive residential environment, with single-family homes, spacious apartments with terraces, green areas, and a lower population density.

How much does an average apartment cost in Barcelona?

Determining an exact average price for an apartment in Barcelona is complex due to the wide variability between neighborhoods and types of housing. However, it is estimated that the average price is in the range of €4,000 to €5,000 per square meter. This implies that a standard apartment of about 80 m² could have an approximate price of between €320,000 and €400,000.