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1Q21: Rents Fall by 17% YoY in Barcelona

Even so, CBRE noted that 2021 began with relevant BTR transactions, predicting a growing trend in this segment.

According to the report, “Residential Market in Spain 2021,” prepared by the consultancy firm CBRE, estimates are that this year there will be growth of 5% in the number of home sales and a slight decrease in prices of between 0% and -1%. Data, on the other hand, similar to that of the Madrid market after this pandemic crisis.

“For the second half of 2021, we estimate that this positive trend will continue to rise,” says Xavi Güell, director of the CBRE Barcelona office. After the intense impact of the pandemic, a moderate dynamism has appeared in just a few months.

Even so, this year will benefit from the inertia produced by finished housing and the pent-up demand. According to the real estate firm, the residential market in Barcelona is already at levels similar to 2016, and shows a positive trend during the first months of 2021.

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