How much is the square meter in Barcelona?

When we talk about the real estate market, one of the most important aspects for those looking to buy or rent a property is the price per square meter. Knowing this value is crucial to make informed decisions, as it varies depending on the city, the neighborhood and even the type of property.

If you want to know what is the price per square meter in Barcelona by neighborhood in 2024, read on to calculate the possible cost of your potential home based on the estimated surface area you manage.

How to know the value of the square meter of a property?

To know the value of the square meter of a specific property, the first thing we must do is to have clear the total area of the property in square meters. This information usually appears in the deed of the property or in the land registry, but it can also be obtained through an appraisal or direct measurement.

Once the surface area is known, the next step is to know the price of the property. If we are talking about a property for sale, the price will be reflected in the advertisement. If it is a property that has already been sold recently, we can consult the final sale price in the Land Registry or in real estate portals that collect transaction data.

The value per square meter is obtained by dividing the total price of the property by the square meters of the property. For example, if a property costs 500,000 euros and has an area of 100 square meters, the price per square meter would be 5,000 euros.

It is important to keep in mind that this calculation gives us an approximate reference of the price of housing in Barcelona. 2024 is being a year of powerful fluctuations in housing prices, and managing these estimates is especially important for potential home buyers. Factors such as the state of the property, its age, the reforms carried out, or extras such as terraces or swimming pools, can vary the real value.

Looking to buy a house in Barcelona? Take a look at the houses and apartments for sale that we have at HOFFMANN.

How to know the price per square meter of an area?

The price per square meter depends not only on the property itself, but also on the area where it is located. To find out how much it costs per square meter in a particular area, we can resort to several sources:

Real estate portals

Websites such as Idealista, Fotocasa or Habitaclia offer tools that allow you to filter by neighborhood, district or city and consult the average prices per square meter for both purchase and rental.

Market reports

Companies specialized in real estate market studies, such as Tinsa or Sociedad de Tasación, publish periodic reports with detailed data on the price per square meter in different cities and neighborhoods.

Professional appraisals

If we need accurate and updated data, the ideal is to hire a professional appraiser to analyze not only the price of the property, but also its market situation in terms of supply and demand in the area.

Public sources

The Spanish Ministry of Transport, Mobility and Urban Agenda periodically publishes data on housing prices, which allows us to obtain general information on different areas.

What is the price per square meter in Barcelona by neighborhood?

Barcelona is a city with great contrasts in terms of real estate prices. The value of the square meter varies considerably depending on the neighborhood where we are. The price per square meter in Barcelona by neighborhood is as follows:

Eixample

This is one of the most central and sought-after neighborhoods in the city, with its characteristic design of blocks and wide avenues. The average price per square meter in this area ranges between 5,500 and 6,500 euros.

Sarrià-Sant Gervasi

This is one of the most exclusive areas of Barcelona, with high-end housing and many green areas. The average price per square meter can exceed 6,000 euros and in some areas it goes up to 7,000 euros.

Gràcia

This neighborhood, which mixes tradition and modernity, is very popular among young people and families. Here the price per square meter is around 4,500 to 5,500 euros.

Ciutat Vella

The oldest area of the city, with its historic charm, has varying prices depending on proximity to tourist areas. The price per square meter can vary between 4,000 and 5,500 euros, being more expensive in areas such as the Born or the Gòtic.

Sant Martí

This district has experienced a great development in recent years, especially in areas close to the sea such as Poblenou. The average price per square meter is around 4,500 to 5,500 euros.

Sants-Montjuïc

This is a more residential and less central area, but with good connections to services and transportation. Prices here tend to be more affordable, with a cost per square meter ranging from 3,500 to 4,500 euros.

Each neighborhood has its own particularities and the price variation between them reflects not only the quality of the homes, but also factors such as proximity to the center, the cultural offer or the availability of services.

What is the average purchase price in Barcelona?

The average purchase price of a property in Barcelona has fluctuated in recent years. Despite the pandemic, demand in the city has kept prices relatively high, especially in central areas.

In general terms, the average purchase price in Barcelona is between 4,500 and 5,000 euros per square meter. However, as we have seen, this value varies significantly depending on the neighborhood and the type of property. The most sought-after areas, such as the Eixample or Sarrià-Sant Gervasi, tend to have higher prices, while in peripheral neighborhoods or less sought-after areas prices are lower.

It is important to bear in mind that, in addition to the price per square meter, when buying a home we must consider other additional expenses, such as taxes, notary, registration and the possible need for renovations.

What is the average rental price in Barcelona?

Rent in Barcelona also remains high compared to other Spanish cities. High levels of demand, both from locals and foreigners looking to settle in the city, have kept prices up.

Currently, the average rental price in Barcelona is around 15 to 20 euros per square meter per month. This means that, for example, for an apartment of 80 square meters, the rent could be between 1,200 and 1,600 euros per month. However, in more central or demanded neighborhoods, such as Eixample or Gràcia, prices can be even higher, easily exceeding 20 euros per square meter.

In areas further away from the center, such as Nou Barris or Horta-Guinardó, prices tend to be lower, hovering around 12 to 14 euros per square meter.

The rental market in Barcelona is characterized by a limited supply and high demand, which has led to an increase in prices in recent years. In addition, the popularity of the city as a tourist and professional destination contributes to maintain the pressure on the market.

If you are looking to rent an apartment in Barcelona, do not hesitate to take a look at our catalog of apartments and houses for rent that we have at HOFFMANN.