Do you want to sell or buy a second-hand home in Barcelona? One of the most important things you will have to analyze is the price. Next, in this post we help you calculate the price per square meter for used housing in Barcelona. This way, you will be able to discover what factors influence it and know when it is an appropriate price in accordance with the market.
According to data from the Barcelona Market Report prepared by Proddigia, second-hand housing transactions increased by 47.85% between 2020 and 2021. In addition, the price per square meter of housing is one of the most important indicators of the economic situation. In the case of Barcelona, there has been an increase in prices year after year in second-hand homes and the trend continues.
In fact, the price per square meter of second-hand housing in Barcelona in 2021 reached 4,084.10 euros. Further afield, the district with the highest prices per square meter was Sarriá-Sant Gervasi with 5,251 euros per square meter.
What aspects influence the price per square meter?
There are various factors that influence the square meter of a used home in Barcelona, which are the following:
– Firstly, the age of the property and the renovations it needs (water installations, gas electricity, insulation, changing floors, doors and windows, for example).
– On the other hand, the location. Not only the neighborhood must be considered, but also the street and the specific number within a street, as well as the floor height. For example, a ground floor is not the same as an attic, in the same building.
– Beyond, the quality of the construction materials. It is essential to consider whether the qualities of the apartment are high, for example, because that will add more value.
– The services available. They can be: swimming pool, 24-hour security, concierge, gym, paddle tennis court or gardens, among others.
– Finally, the proximity to public transport, schools, parks, supermarkets and other services. This will also add value to the home.
Built square meter and useful square meter
The first thing we must be clear about to calculate the price per square meter of a used home in Barcelona is the difference between square meter or constructed area and square meter or useful area.
Firstly, the constructed area is made up of the total meters of the home. This includes walls, partitions, ducts, pipes and the parts that correspond to the floor in the common elements of the building, such as gardens, hallways, patios or swimming pools.
The useful surface is the one that can be used and walked on and excludes all of the above (walls, facilities or common elements). However, it does include the space occupied by furniture inside the home or by built-in wardrobes, for example.
How to calculate the price per square meter of a used home in Barcelona?
Secondly, to calculate the price per square meter of a used home in Barcelona you can follow the following steps:
– First, have a professional measure it. The first thing you will have to do is correctly measure the built and useful surface of the home. To do this, you can hire an architect or surveyor to carry out the measurement and it is also recommended that you request a simple note in the Property Registry of the home to compare the registered surface with the real one. On the other hand, information can be requested from the Real Estate Cadastre to verify what surface area is included for tax purposes.
– Next, analyze market prices. The next step consists of analyzing the average prices per square meter in the area where your apartment is located. It is also important that you select similar apartments in terms of location, characteristics and state of conservation. To do this, you can use real estate portals, ask about the area or request the help of a real estate consultant in Barcelona.
– Also consider the condition of the home. If it is a second-hand home in which it is necessary to carry out a renovation, the price of said renovation must be considered to calculate the price per square meter of the used home. It should be noted that it is not the same that the home only needs a coat of paint, as it is that a comprehensive renovation must be carried out by whoever buys it.
Along with the above, there may be a series of characteristics of the home that add value. For example: a terrace with views, good qualities, air conditioning, underfloor heating and a garage and storage room, among others.
– Last but not least, request an appraisal from a real estate consultancy in Barcelona. Although it may seem that calculating the price per square meter of a used home in Barcelona is simple, it requires knowledge of the sector and the specific market of the city where the apartment is located. Therefore, the most advisable thing to do to find the right price and sell the home at the corresponding price is to request an appraisal from a real estate consultancy. On the Proddigia website you can calculate, in three simple steps, how much your home in Barcelona is worth.
Prices of used housing in Barcelona by area and per square meter
Another aspect that will help you is to know the prices per square meter by districts of the city of Barcelona.
Based on data published by Barcelona City Council, we highlight the following average offer prices (euros per square meter) for a home:
Offer of second-hand homes for sale in Barcelona. Average offer price (€/m2) of a home. 2022.
Quarterly data by districts.
District 1st Quarter 2nd Quarter
BARCELONA 3,972 4,032
1. Ciutat Vella 4,023 4,136
2. Eixample 4,609 4,781
3. Sants-Montjuïc 3,377 3,385
4. Les Corts 4,897 4,793
5. Sarrià – Sant Gervasi 5,336 5,417
6. Grace 4,258 4,295
7. Horta – Guinardó 3,122 3,074
8. Nou Barris 2,423 2,481
9. Sant Andreu 3,134 3,155
10. Sant Martí 3,576 3,627
As you can see in Barcelona, the Sarriá-Sant Gervasi district continues to be the one with the highest price per square meter (5,417 euros per square meter) and continues to increase from one quarter to the next. This district is followed by Les Corts (€4,793/square meter) and Eixample (€4,781/square meter), with the highest prices per square meter for second-hand housing.
In fact, the only districts where lower prices have been recorded from the first quarter to the second quarter are Horta-Guinardó and Les Corts, with prices of €3,074/square meter and €4,793/square meter, respectively.
Why is it essential to determine the price of a home?
Finding a price according to the market can help you:
– Make the sales process faster.
– Find buyers really interested in your apartment.
– That the apartment “does not burn” on the market because it is on sale for too long.
– Make negotiations with potential buyers easier.
– Not having to lower the price too much during the negotiation because it is already adjusted and you have a defined margin.
Taking into account everything we have seen above, you can calculate, with the help of a real estate professional, the price per square meter of the used home and multiply it by its surface area to obtain the sale price. Therefore, it is advisable to have the help of experts who not only know the sector, but also know the city and design a sales strategy appropriate to your home.
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