Sourcing real estate
Don't invest in Barcelona's properties before reading this

You are considering investing in the vibrant and dynamic real estate market in Barcelona?

Investing in real estate can be a complex and overwhelming process, especially if you're not familiar with the local market.

Don't let Spanish bureaucracy and communication with property sellers in Barcelona stress you out - we've got your back. We offer a range of services to help you find the right property and make the investment process stress-free.

The most important step before investing any money in the Barcelona real estate market is being clear on what you want to achieve and to align your expectations with the local market.

Get clear on what you want

First things first, let's get clear on what you want. Maybe you're not sure exactly what you're looking for in an investment property.

No problem!

We can work together to crystalize your ideas and make sure you know exactly what you're looking for. Or, if you already have a good idea of your goals and needs, we can just go over them to make sure we're all on the same page.

Either way, we're here to help you get clear on what you want and make sure your property search is a success.

The brief

One of the first steps in the buying process is to refine your brief and get clear on your goals. This involves:

  • outlining your investment objectives,
  • defining your budget and
  • deciding on the type of property

Our team at BREA has helped many investors refine their briefs, and identify the best investment opportunities in Barcelona's most sought after locations, that align with their goals.

When outlining your investment objectives, it's important to be clear about what you hope to achieve with your real estate investment. Do you want to generate passive income through rental income? Are you looking for long-term capital appreciation? Or do you want a combination of both?

Your budget is another key factor to consider when investing in real estate. Be sure to set a realistic budget that takes into account your financial goals and limitations. It's also a good idea to set a range rather than a specific number, as property prices can vary significantly depending on location and other factors.

Finally, it's important to consider the type of property you're interested in. Are you looking for a residential property, a commercial property, or a vacation rental? Do you prefer a single-family home or an apartment? Do you want a beachfront property or something in the city center? These are all important factors to consider when outlining your property requirements.

Agree on a date

Having the first step nailed down will save you a lot of time. With a crystal-clear investment brief in front of you, we'll be able to identify locations that align with your goals.

We will compile a recommended shortlist of properties based on your specific needs and requirements. This shortlist will include detailed information on costs, anticipated returns, and other important considerations. The only thing left to do for you is to agree on a date to review potential properties.

Visit potential properties.

Finally, it's time to visit the properties on your shortlist. We at BREA will visit these properties together with you. This will give you the opportunity to see the properties in person and get a better sense of:

  • the location,
  • the condition of the property, and
  • any potential issues or challenges.

After the property tours, we'll have an in-depth discussion to help you make an informed decision about which property is the best fit for you.

When we evaluate properties for you we don't just focus on the condition of the actual property. There are some major factors to think about when it comes to the location and buying property in Barcelona. These factors can have a huge impact on your property value:

  1. Proximity to amenities: Look for properties that are located near schools, shops, restaurants, and other amenities that you and your family need on a regular basis.
  2. Transportation: Consider the accessibility of public transportation, as well as the distance to major roads and highways.
  3. Safety: Research the area's crime rate and safety statistics to ensure you are buying in a secure neighborhood.
  4. Future development: Is the property in an area that is expected to see growth and development in the future? This can impact the value of your property.
  5. Rental demand: If you are planning to rent out your Barcelona property, consider buying in an area with high demand from renters, such as popular tourist destinations (city center and beachfront properties) or areas with a large student population.

Overall, we will do the research and carefully consider the location of any property you are considering buying in Barcelona.

When it comes to the condition of the property itself, you don't want to end up with a money pit. That's why we have architects and very experienced team members to make sure the property is a solid investment. Our team will be able to advise you about costs of renovations and specific building regulations. Some things to consider include:

  1. Age and maintenance of the property: Older properties may require more maintenance and updates, which can be costly and take a long time to finish.
  2. Structural integrity: We look for signs of structural issues such as cracks in walls or uneven floors, as these can be costly to repair.
  3. Cosmetics: While cosmetic updates are easier to make, it's important to consider whether the property needs significant renovations in order to make it more attractive to potential tenants or buyers.
  4. Building amenities: If the property is part of a larger building, we check out the amenities and common areas to ensure they are in good condition.
  5. Environmental factors: We consider whether the property is located in a flood-prone area or if there are any other environmental factors that could affect its value.

Checking for potential issues

After visiting the shortlisted properties, we'll sit down and go over the details of your top picks. We'll dive deep into any potential challenges or red flags that might come with investing in an apartment, house, or commercial property in Barcelona. Some key things to think about include:

  1. Legal issues:
    We will ensure that the property is legally sound and that all necessary permits and licenses are in place. Depending on the type of property, this might involve running checks with the land registry.and homeowners' association (Communidad de vecinos)
  2. Building and maintenance:
    Any potential building or maintenance issues that might need addressing, checking if the property meets local building codes. We know how much it costs to fix up any problems which will help you make an informed decision.
  3. Financing:
    Obtaining financing for a property in Barcelona can be challenging for foreign investors, particularly if they are not residents of the EU. We will consider all financing options and work with a financial advisor to find the best solution.
  4. Rentals:
    If the property will be used as a rental, investors should be aware of local laws and regulations regarding rentals and ensure that they are in compliance. This includes obtaining any necessary licenses and permits, and being aware of any local restrictions on short-term rentals.
  5. Taxes are also something to be aware of when buying and owning property in Barcelona. This includes property taxes, income taxes on rental income, and capital gains taxes. You can work with our tax advisor to make sure you're in compliance and minimize any tax liabilities.