What is the average cost of housing in Barcelona?

If you are thinking about moving to Barcelona, cost of living in probably a key consideration. Expats commented about the cost of housing...

"The average cost of housing in Barcelona is generally quite high. Prices for apartments and houses in the city center can range from €1,500 to €3,000 per month, while prices for properties in the suburbs can range from €800 to €1,500 per month. Additionally, the cost of renting a room in a shared apartment can range from €400 to €800 per month," remarked another expat in Barcelona, Spain.

"To buy a similar property in London would be around double and rates in the UK are very high. However, the costs involved in buying a property here is very expensive compared to UK, for example, an estate agent here takes 10% commission compared to 1.5% in UK. Stamp duty here is 7%, in UK it is only payable on properties over a certain level and even then is only around 2%. Capital Gains Tax is also payable on selling property here, even if this is your only residence, unlike UK. Therefore buying and selling property in Spain is not a fast way to make money, unlike in UK. Otherwise, most other things here are cheaper, like utitilites (except telephone which is very expensive). Barcelona has become very fashionable in last few years and prices have risen dramatically, and cost of living is way out of balance with average salaries which are 50% - 75% lower than London," said a member in Barcelona, Spain.

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