Sotheby’s International Realty, the luxury real estate company par excellence, continues to strengthen its leading position in Catalonia in the sale of high-end properties. Worldwide, the brand is already celebrating 300 years of history and a link with the prestigious auction house specializing in art, Sotheby’s.
Sotheby’s International Realty in our market, today
In the current global economic climate, the strength of the dollar against the euro means that the North American buyer is in an advantageous position to acquire luxury housing in Spain and, specifically, in Barcelona. The Catalan capital remains in a privileged position in the European market for investors. The Mediterranean climate, the sea, connections by land, sea and air and the “Barcelona brand” itself continue to keep it as the main focus of the Catalan market, followed by the Costa Brava.
“In recent months, there has been an exponential growth in the interest of North American buyers in European cities, including Barcelona. A buyer who lands in our city in search of properties in areas such as Eixample, Ciutat Vella, Poblenou and the seafront; where shopping areas, gastronomy and cultural and historical corners predominate.“explains Albert Milián, Head of Listings at Sotheby’s International Realty Barcelona. According to the brand, the average purchase price of these properties is currently around 1.5 million euros. Luxury properties that stand out for their excellent location, ample spaces, qualities and a personality of their own. “Modernist houses and buildings are a great attraction for this buyer profile,” adds Albert Milián.
For the predominant brand in the luxury real estate market, the North American buyer is differentiated by three clear advantages: fast transactions that do not require financing, the current favorable monetary circumstances and access to the Golden Visa.
With a sales volume of 204 billion euros in luxury homes, Sotheby’s International Realty is the trusted brand for buyers looking for luxury properties in Barcelona. A global brand with more than 1,000 offices worldwide, with a presence in 81 countries, including the United States, where Sotheby’s International Realty clearly dominates the high-end market.
We expect that in the coming months, the U.S. buyer will become even more interested in the city’s real estate, taking into account the superiority of the dollar against the euro at this time. This type of buyer is a great opportunity as it also allows for quick purchase transactions without mortgage..Albert Milián.
For the local branch of Sotheby’s International Realty, Barcelona and the Costa Brava are an important enclave for foreign buyers. Faced with the high demand of requests they are receiving especially from the USA, the company is expanding its sales team, with the intention of gaining a foothold in new locations such as Sitges. “We know that the Costa Brava is already fully consolidated as a market for foreign investors and now, in addition, towns like Sitges are also a great attraction for the North American buyer”, the company explains. The Catalan coast, in the end, is a world reference and the populations are consolidating with great solvency.
In terms of the rest of Spain, Sotheby’s International Realty points out that “Madrid has a high concentration of luxury housing, both from national and international investors, and Malaga and the Balearic Islands are becoming more and more established. In this sense, the outlook is very good. They are powerful and solvent markets“closes Albert Milián. As of August 1, 2022, Spain has 40,295 luxury homes on the market priced at over one million euros.
The average sales price for Sotheby’s International Realty in Barcelona is €1.4 million, and for Costa Brava is €1.3 million in the last quarter of 2022. Buyers are looking for seriousness, privacy and spectacular acquisitions.
Thanks to Sotheby’s network of more than 1,000 offices worldwide, properties offered by Sotheby’s are presented as referral sales, providing a great opportunity for international exposure for owners. In this sense, “Although it is unfortunately a time of uncertainty worldwide, the luxury market follows its own times and right now is an excellent time to invest. Barcelona is a safe bet, it is a city that has everything for the investor and the offer is wide and varied. There is a choice to choose from and that pleases the customer“explains Albert Milián.