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Covid-19: The future of the luxury real estate market in Barcelona

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Analysis of the consequences of coronavirus crisis and the current uncertainty on the real estate market.

The Covid-19 crisis has generated an economic impact in society. Within this context of health crisis and state of alarm, the paralysis of the real estate market is a fact, also in the luxury segment in Barcelona, which is experiencing something never seen before.

Technology has become the great ally of work environments and its use has achieved the continuity of the buying and selling processes. Although the activity of luxury real estate has decreased in recent weeks, agents use technology to continue working and providing an excellent service to each of their clients.

Today, on the blog of BARNES Barcelona , we showcase how the current situation of the luxury real estate market is and which are the forecasts for the future of the sector.

An exceptional situation

The current situation is exceptional. The Barnes Barcelona offices are closed, although with a continuity plan that includes permanent telephone reception and requests, within the possibilities that technology allows, due to the sanitary precautions taken.

Follow-ups on purchases and sales are carried out remotely, through electronic signatures and representatives of sellers and buyers who can’t be present. Although activity has decreased a 60% around, wasn’t completely paralyzed and continues offering solutions for customers.

It’s still difficult to know how this crisis is going to evolve, but investors will probably seek to protect their wealth by fixing their interest in safe securities, such as luxury real estate or gold.

Investment in real estateClick on the image to see our portfolio of properties

Together on the way

Looking to the future and once the health crisis is over, the luxury housing market in Barcelona is expected to revive. High-end real estate will continue to be a reliable and safe investment, and at BARNES Barcelona we will continue with you in every decision you make on the road to buying or selling the home of your dreams.