20 August 2019
Luxury homes in Barcelona are attracting fewer foreign buyers than just a few years ago. At that time, they accounted for 50% of all transactions, while now that has fallen to one in five.
Several factors have combined to lead to the decline. According to Barnes, a real estate agency, Spanish buyers have become more prevalent, while foreign buyers have increasingly turned their attention to other places like the Balearic Islands, Greece, and Portugal. Geopolitical factors such as the independence movement in Catalonia have also taken a toll.
Original Story: Idealista
Adaptation/Translation: Richard D. K. Turner