Barcelona’s luxury housing market continues to outpace global trends, with prices projected to rise by 8.6% in 2025—far exceeding the 1.6% average forecast for 30 major cities. In prime districts like Eixample, luxury properties now command between €11,000 and €15,000 per square meter, driven by scarce supply and surging demand.
Why are prices rising?
Experts highlight two key factors: a chronic shortage of high-end housing and demand from affluent international buyers. While price growth is consistent citywide, Sarrià-Sant Gervasi slightly outpaces Pedralbes and Eixample.
In the coveted Golden Square (Eixample), luxury buyers are typically self-made international clients over 40. Transactions above €1 million often involve families seeking homes near top schools in quieter, upscale areas. Foreign buyers account for 28% of purchases in this tier, with 65% purchasing primary residences. Europeans—French, Swiss, Belgian, and Dutch—dominate, but U.S. interest is rising sharply.
In Barcelona and Madrid, limited supply fuels rising rental prices, even in luxury segments. Eixample’s rental rates grow faster than the city average. Analysts predict moderate rent increases in 2025, though growth may slow due to low supply and high demand.
Market outlook
Favorable mortgage conditions and Spain’s appeal as a lifestyle destination are expected to stabilize the luxury segment. However, housing shortages—exacerbated by slow construction—will sustain price pressure. “Barring macroeconomic shocks, the market will continue growing,” analysts note. High entry barriers for buyers will also keep rental demand strong.
Barcelona’s blend of cosmopolitan charm and “city-for-living” status cements its allure for global buyers—whether for investment or relocation.
