Up and coming neighborhoods in Barcelona is one of our favourite topics here in the office. If you’re looking to invest in real estate in Barcelona then naturally you’ll want to anticipate which neighborhoods might have the best potential for capital appreciation. Buy low sell high right? As the market continues to come back here everyone’s jockeying to find the newest low hanging fruit. We’ll start with what’s already getting hot
Let’s start with the districts that are up and coming right now, and we’ll call that Stage 1. After that, in Stage 2, we will show you which which neighborhoods get more popular and valuable sometime over the next years.
The next paragraphs will show you the neighborhoods which are up and coming right now!
Probably one of the areas you did not expect to make the list, but we can promise you that this is the Nottinghill of London. Nottinghill in 19th century used to be an area that was mostly known to be a working class and immigrant area. However, London kept on growing and the housing prices kept on rising, thus converting Nottinghill into one of the most expensive and exclusive places to live in. With the property market slowly recovering, we think that Raval has the potential of becoming the Nottinghill of Barcelona. More specifically we think it will become another Borne over the next two decades.
The properties in Raval vary a lot. Some buildings have to go through technical inspections therefore they are well maintained. However like a big part of Raval, some of the buildings do not have such a regular inspection therefore are left neglected. Most of the buildings are quite old, therefore do not have the convenience of a lift. If climbing long flight of stairs is an issue, unfortunately due to narrow streets of Raval you lose the luxury of having a light filled apartment by having to live in one of the lower floor apartments. Also, it’s quite difficult to find a flat with air conditioning and/or heating
But why Raval is such a desirable place to buy? Well, this is why.
Raval has already started the transformation. Without a doubt it’s becoming more cultural and trendy, especially with the famous MACBA (museums of modern art) and CCCB (exhibition centre) being built in the area. So what does that mean? This means that the area is attracting more interest from younger professionals, as conveniently Raval boasts niche shops, small restaurants and unique bars. As time goes on, you can possibly imagine that Raval just might be the most trendy neighbourhood in Barcelona. Over the last two years the prices have gone up fast. Two years ago you could buy for 1.000 a m2 now you’re lucky to find something at 3.000 m2.
Location location location. Raval is probably one of the best located neighbourhoods in Barcelona. Wedged between el Gotico & Sant Antoni, it’s close to the sea, port, train station, boasts chic restaurants and boutique shopping, but most importantly it has many transport links that make Raval a very convenient place to live as you can get from one side of the city to another without a problem. It also boasts one of the most famous touristic attractions – Las Ramblas. Although touristic, it’s a guarantee that the narrow streets of Raval will continue to buzz. It is just too well located, and the land is just too valuable for it not to gentrify.
Part of the green district of Sants-Montjuic, this previously more quiet residential area is becoming a trendy place and is starting to attract real interest from property investors.
The neighbourhood is very well positioned, as it benefits from the greenness of Montjuïc, the quick access to sea (15-20 min walk) and it even stretches all the way to Plaza España. This means that you can get to the airport in almost no time, and also there are two main metro lines L2 & L3 which allows you to access parts of the city quickly.
The properties in this area tend to be relatively modern and sometimes resemble some similarities to the buildings in Eixample. The majority of them offer balcony or terrace space, however not all of them have the luxury of a lift. The streets are not as narrow as in Raval, therefore you can expect more light and different to Eixample. Poble Sec has a bit more of a Catalan character as some of the properties have vaulted ceilings.
This area is really a place to buy for those who want to live in Barcelona but away from all the touristic buzz, but still want to enjoy the benefits of this incredible city. Also as an investment there is still margin here to be had. Although the days of just a year and a half ago, when you could buy flats there like popcorn for uner 100.000, now they sell for 3.000 a m2 and after renovating for 5.000 m2.
Sant Antoni is a part of one of the most modern and popular parts of Barcelona – Eixample. Being named after the famous Sant Antoni market which you can see in the picture below. It’s one of the areas worth considering when looking for property. Being positioned between three neighbourhoods.
Because it was one of the recent additions to Eixample, the buildings tend to be fairly new and not in huge need of renovation. The properties are likely to have better facilities than the ones in older city such as lifts, outside spaces, for example balconies & terraces, air condition and heating. Since they’re relatively modern, you are less likely to find Catalan uniqueness or something with a bit more culture to it.
Sant Antoni’s location proves to be one of the most convenient ones as it is wedged it between three neighbourhoods and it stretches all the way to Placa Espanya from which you have a quick access to the airport and also other transport links to link you to other parts of Barcelona quickly and conveniently.
So apart from its location and more modern buildings, why has it stood out so much? Of course, it’s the lower price. According to Fotocasa, the property prices in Sant Antoni have been rising in the past year. The neighbourhood’s lower prices compared to the rest of Eixample is what’s attracting so much attention. Lower property prices are promising increasing returns for the investors and bringing bigger value to invest, thus making the top of our up & coming neighbourhoods list.
This area is getting quickly saturated though. It’s a bit of a hipster haven really, very trendy, lots of cool restaurants etc…
Poblenou is the old manufacturing quarter of Barcelona in the district of Sant Marti. Therefore you can find a lot of industrial sites and old factories. The development of the district is due to the increasing industrialization around Barcelona in the 18th century. Originally Poblenou was an independent suburb of the city of Barcelona and not connected with it. Due to the favorable position of the sea, the district grew rapidly and reached the end of the 19th century the highest industrial density in Spain. For this reason, it was also called El Mànchester Català (“The Catalan Manchester”). The former industrial zones with factories and warehouses are increasingly being transformed into residential districts with lofts, art galleries, schools, fitness clubs, etc.
The neighborhood is very well located since it is near to the center of Barcelona and also near to the beach. It is limited by the Avenida Diagonal in the North and the beaches of Bogatell in the South. The metro line L4 goes directly through the quarter and has two stops with “Llacuna” and “Poblenou”.
So why should you invest or settle down in Poblenou? The neighborhood is becoming more and more famous for providing awesome spaces for flats and lofts with an industrial touch. The area is very popular with young families, the creative workforce and the number of international companies that want to set up offices there is also increasing. Even though the place is close to the beach and the hustle and bustle of the city it is a really quiet neighborhood. All these aspects turned Poblenou from the industrial part of the city to one of the most demanded neighborhoods in Barcelona!
Now we will present you the neighborhoods that will be up and coming in the future. So if you are looking for a new home or investment you should definitely consider to live in these areas.
Sant Adria de Besos is a city of 36.000 inhabitants in the Northeast of Barcelona. It is located at both sides of river Besos. Sant Adria has a long history which started in the year 1012 when the famous church was built. During the industrialization a lot of factories have been built around the city and it used to be a neighborhood for working people. In the picture below you can see the 3 towers of the Besos power plant which is not in use anymore but the citizens decided to keep them as an icon for the city in a referendum.
During the last few years Sant Adria de Besos got more attractive. The government spends a lot of money these days to renew the suburban areas and it is well connected through streets and public transportation. There are several bus and metro lines which will bring you to Placa Catalunya within 15 minutes.
So why would you buy a home in a neighborhood which still looks pretty industrial? Because it’s changing! The prices for properties in neighborhoods like Eixample or Gracia are exploding so a lot of people decide to live a little bit outside of the hustle and bustle of Barcelona’s inner city. And Sant Adria is perfect since prices are still low and you are very well connected to Barcelona!
Another Up and Coming Neighborhood in Barcelona will be Glories! It’s the neighborhood where the 3 big streets of Barcelona cross. The Gran Via de les Corts Catalanes, the Avinguda Diagonal and the Avinguda Meridiana. It is wedged between Eixample and Sant Marti which means that it is very central.
It has a central location, a big open air shopping mall and with the Torre Agbar it also has a really popular sight. So why is it not one of the most popular parts of Barcelona? It is pretty boring and ugly right now. There is a huge construction site around the Placa de les Glories Catalanes which has been there for several years. The city of Barcelona started a huge project to make Glories a nice, green, sustainable neigborhood. Click here if you want to see some interesting videos about the construction process.
When the construction is finished Glories will be one of the prime locations of Barcelona. More and more people will invest into properties and the prices will rise. So if you want to be part of the new Glories without spending huge amounts of money you should look for a flat right now!
L’Hospitalet de Llobegrat, with over 250.000 inhabitants it is the second largest town of Catalonia. It is located between the river “Llobegrat” and the southwestern city limit of Barcelona. Different to its bigger brother it has a skyline with at least thirteen buildings over 60 meters.
L’Hospitalet is still known as a depressed suburb so why do we think that it is an Up and Coming Neighborhood in Barcelona?
Because the economy has improved recently and the government is working on the infrastructure. For example, there are 4 metro lines which connect L’Hospitalet to Barcelona (L1, L5, L8 and the L9 Sud).
Besides that you can enjoy all the benefits of living in Barcelona without paying huge amounts of money for your flat.
The prime areas of Barcelona like Eixample or Gracia are so popular that properties are not affordable anymore. More and more people start to move into the less popular districts of the city and that what makes them popular.
What do you think about our selection of Up and Coming Neighborhoods in Barcelona? Did we miss one? Let us know in the comments! Are you looking to buy or sell a property? We’re here for you SuiteLifers!