Ten developers account for 60% of the new build apartments that are now being marketed in the Barcelona area, with Culmia, the former developer of Banc Sabadell, as the market leader: it is building nearly 900 homes, 24% of the 3,700 that are underway in the metropolitan area.
According to a study carried out by Activum Real Estate, a firm that acts as a delegated marketer for most of the sector, after Culmia the biggest developers in the Barcelona area are AQ Acentor (20%), Aedas Homes (14%), La Llave de Oro (11%), Stoneweg Living (9%), Neinor Homes (5%), Darya Homes (5%) and Aelca, Diagonal Mar Tower and Via Célere with 4% each.
Most of the real estate activity is currently concentrated around Barcelona, ??with 1,900 homes for sale, and the largest developments are in Hospitalet de Llobregat, Badalona, ??Sant Adriá, San Cugat del Vallès, Cornellà, Sant Joan Despí and Esplugues de Llobregat. In the capital itself, for its part, more than 1,800 homes are being marketed, with an average price of 4,814 euros/m2. Thus, in the capital, an average new-build home with three bedrooms has an average price of 631,567 euros.
In Sarrià-Sant Gervasi, the most expensive district, the average price of a new flat is 1.28 million euros. Next, l’Eixample stands out, where the average price is 839,500 euros, Ciutat Vella (716,000 euros) and Gràcia (680,000). These districts, however, concentrate only 18% of the homes that are marketed in the city. Where more housing is built is in Sant Martí (32% of the total with an average price of 501,000 euros) and Sants-Montjuïc (24% with an average price of 439,000 euros). The cheapest district to buy a new flat in Barcelona is Sant Andreu, where they cost 383,000 euros, followed by Nou Barris, (389,000 euros).
Activum is a consultancy that has specialized in the comprehensive management of the real estate cycle: from advising investors on the purchase of land to designing the project, managing the work and its subsequent marketing. Antonio Lodeiro, CEO of the company, recognized that the increase in construction costs due to the rise in raw materials, and the rise in interest rates, which reduces the financial capacity of families, has led many developers to put a stop to your projects. “The worsening of economic expectations, moreover, makes investors and developers want to be more cautious as well.”
