Barcelona

Area: Gothic Quarter

Overview

Population: 5,658,000

Market Report - Barcalona:

in September 2022, Barcelona home prices were up 6% compared to last year, selling for a median price of €3,395 per square metre. On average, homes in Barcelona sell after 87 days on the market.

Market Report - Gothic Quarter:

In September 2022, Gothic Quarter home prices were up 7.2% compared to last year, selling for a median price of €3450. On average, homes in the Gothic Quarter sell after 83 days on the market.

Tourism Report

Barcelona is the capital of Spain's Catalonia region. It offers a wide range of tourist attractions from Sagrada Familia to the Park Guell to my personal favourite the Nou Camp, the heartbeat of the city is Las Ramblas, this is a pedestrian street lined with markets, cafes and restaurants.

The last 12 months have seen 32 million visitors to the city The Gothic quarter is the oldest area of Barcelona, 52% of the buildings in the Gothic Quarter house some form of tourist flats, nearby tourist attractions include Las Ramblas and the stunning Cathedral, it also attracts a large student population.

Tourist Demographics

• The average size of the party: 2-1

• The average length of stay: 5.5 nights

• The average age: 41.2

• Male: 58.3%

• Female: 41.7%

Short-Term Rental Reports - Miami Beach:

Average Daily Rate: €206

February: €155

July: €260

The Average Daily Rate (ADR) is the average booked nightly rate + cleaning fees for all booked days over the last year.

Occupancy Rate: 82%

February: 72%

July: 91%

The number of booked days is divided by the total number of days available for rent over the past 12 months. Properties with no reservations are excluded. This Occupancy Rate figure represents the median over the past 12 months.

Revenue

Average Revenue: €4825

February: €3,345

July: €7,100

Property Demographic

We are looking to purchase a 2 bedroom/1 bathroom unit, prices for this type of asset are valued between €450,000- €500,000

Yield: 10 - 12%