Spain · Europe · Population: 1,600,000
Barcelona is moderately affordable compared to major global cities, with rapidly rising prices driven by strong demand. The city has moderate rental prices. At $350,000 average home price in Spain, buyers should consider the 9.5x price-to-income ratio when planning a purchase.
| Average Home Price | $350,000 |
| Price per sqm | $5,200 |
| Price-to-Income Ratio | 9.5x |
| Mortgage Rate | 3.2% |
| 1-Year Price Change | +5.5% |
| 1-Bedroom Apartment | $1,200/mo |
| 3-Bedroom Apartment | $2,000/mo |
| Rent-to-Income Ratio | 32% |
| Median Household Income | $37,000/year |
| Years to Buy (at median income) | 9.5 years |
| Local Currency | EUR |
With a price-to-income ratio of 9.5x, Barcelona requires significant savings to purchase property. At a mortgage rate of 3.2%, monthly payments could consume a large share of income. Home prices have increased 5.5% in the past year.
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