THE ADDRESS Magazine No.20 | Page 144

Barcelona boasts superb connections to the full range of air, road, rail and sea transportation, making it a perfect location to live and commute to key business hubs around Europe, and beyond. With attractions such as those, no wonder Barcelona property is recognized for its strong long-term investment viability, for that second home or permanent residence, or a rental income property. Over recent years, low prices and lack of new properties have led to a strong trade in highend Barcelona apartments as foreigners with the cash snap up the opportunities they come upon in the Mediterranean seafront city. While the market is still dominated by buyers from the traditional sources in Northern Europe and the UK, more recently, money is coming in from Russia, China, Southeast Asia and the Middle East. New-build properties are currently the ones most sought after but because of the lack o