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Sant Gervasi

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Real estate insights for Sant Gervasi

AspectSummary
PopulationApproximately 30,000 residents
Average Property Price€4,500 per sqm
Rental Yield4-5% annually
Average Rent€1,800 per month
Occupancy Rate90%
Capital Growth Rate3-5% annually
Property TaxAround 0.4% of property value
Transaction Costs7-10% of property price
Expected ROI6-8% including capital growth
Economic Growth ImpactStrong, driven by tourism and services

Sant Gervasi FAQ

  • What factors influence real estate prices in Sant Gervasi?

    Real estate prices in Sant Gervasi are influenced by several key factors. The neighborhood's proximity to essential amenities like schools, parks, and public transport plays a significant role; for instance, properties located near the FGC train stations, such as the Sant Gervasi or Gràcia stops, typically command prices of around €4,500 to €6,000 per square meter, compared to €3,500 to €4,200 in more distant areas. The area's historical charm, characterized by its modernist architecture and upscale residential buildings, also contributes to higher prices, often exceeding €1 million for a three-bedroom apartment. Additionally, the socioeconomic status of the residents, with a significant number of affluent professionals relocating to the area, tends to drive demand, impacting market dynamics. The overall economic climate, including interest rates and employment trends, similarly affects buyer confidence and pricing stability, causing fluctuations in the market that can lead to annual price changes of 5-10% in stable years.

  • How do property prices in Sant Gervasi compare to other neighborhoods in Barcelona?

    Property prices in Sant Gervasi tend to be higher than in many other neighborhoods in Barcelona, reflecting its desirability and affluent demographics. As of late 2023, the average price per square meter in Sant Gervasi hovers around €5,500, which is noticeably above the city average of approximately €4,200 for residential properties. For instance, a three-bedroom apartment in Sant Gervasi could cost around €800,000 or more, whereas equivalent properties in neighborhoods like Gràcia or Sants might range from €500,000 to €700,000. Even in Eixample, which is also sought after, prices typically fall between €4,000 and €5,000 per square meter. Furthermore, the upscale nature of Sant Gervasi is reflected in the luxury developments and renovated historical buildings that are common, driving up prices compared to areas like Poble Sec or El Raval, where the average prices vary between €3,000 and €4,000 per square meter.

  • What is the average price per square meter for apartments in Sant Gervasi?

    The average price per square meter for apartments in Sant Gervasi varies significantly based on the specific area and property condition. As of late 2023, prices typically range from €4,000 to €6,500 per square meter. For example, a well-maintained apartment near Carrer de Marysol can reach around €5,800 per square meter, while properties on the quieter streets may be around €4,200. New developments or luxury flats close to Parc de Monterols can escalate beyond €6,500 per square meter, reflecting the area's desirability and amenities. On the other hand, older buildings or those further from central locations may see prices drop to about €3,800. This variability highlights the significant impact of location and property features on pricing in this upscale Barcelona neighborhood.

  • Are property prices in Sant Gervasi rising or falling?

    Property prices in Sant Gervasi are currently showing an upward trend, with a reported increase of approximately 5% over the past year. The average price per square meter now stands at around €4,500, marking a significant rise from €4,300 the previous year. In high-demand areas such as Carrer de Mandri, prices can soar to €5,800 per square meter, reflecting the neighborhood's desirability among affluent buyers. Meanwhile, smaller apartments or properties located further from major transport links might still be found in the €3,800 to €4,200 range. Notably, recent data suggests that the luxury segment, particularly in properties exceeding €1 million, has surged, with some listings even reaching €8,000 per square meter. Overall, the demand in Sant Gervasi is driving prices higher as buyers continue to seek out this prestigious area.

  • What types of properties are typically available in Sant Gervasi?

    Sant Gervasi, a sought-after neighborhood in Barcelona, features a diverse range of properties primarily designed for families and professionals. You can find spacious apartments with 2 to 4 bedrooms, often boasting high ceilings and elegant finishes, with average square footage ranging from 80 to 150 square meters. Many of these properties are located in buildings from the early 20th century, which are characterized by traditional Catalan architecture. Additionally, there are more modern developments that offer amenities such as rooftop terraces and communal pools. Prices for these flats can vary significantly, typically ranging from €300,000 for smaller units to over €1 million for larger, luxurious homes in prime locations. Single-family homes are also available, often showcasing four or more bedrooms with outdoor spaces, and can be priced between €1 million to €3 million, depending on their size and specific location within the neighborhood.

  • How do amenities affect real estate prices in Sant Gervasi?

    Amenities significantly influence real estate prices in Sant Gervasi, a prestigious neighborhood in Barcelona known for its upscale living conditions and green spaces. Properties situated near amenities like parks, schools, and shopping centers can command up to 20% higher prices compared to those in less desirable locations. For instance, apartments within walking distance of the popular Parc de Monterols can sell for around €4,500 per square meter, whereas similar units located further away might only reach €3,500 per square meter. Additionally, proximity to public transport, such as the Gràcia train station, adds a premium of approximately 15% to property values. Updated features, such as gyms or communal areas in buildings, can also raise prices by about 10%, reflecting the increasing demand for lifestyle-oriented living spaces.

  • What is the historical price trend for real estate in Sant Gervasi?

    The historical price trend for real estate in Sant Gervasi, a residential neighborhood in Barcelona, has shown a significant upward trajectory over the past decade. In 2013, the average price per square meter was around €3,500, while by 2023, it had surged to approximately €5,200, reflecting a growth of nearly 49%. This increase is attributed to various factors, including the area's desirable amenities, proximity to the city center, and its appeal to both local and international buyers. For instance, properties like a three-bedroom apartment on Carrer de Ganduxer, which was listed for €600,000 in 2018, have seen prices rise to over €800,000 in 2022. Additionally, luxury developments in Sant Gervasi have entered the market at rates exceeding €6,500 per square meter, showcasing the neighborhood's increasing prestige. Overall, Sant Gervasi's real estate market exemplifies robust demand, reflected in its consistent price increases year over year.