IT’S a buyer’s market in recession-stricken Europe – the perfect time to invest in an urban dream house.
Canny investors should look beyond London and Madrid; the real steals are hidden in secondary cities such as Amsterdam, Venice, and Barcelona.
“If there is such a thing as a top secondary city, then Barcelona is it,” says Christian de Meillac, head of Spanish sales for Knight Frank.
Aside from the breathtaking architecture, world-class dining and beautiful beaches, property prices have been falling in the city since 2008.
For €800,000 you can grab a three-bedroom penthouse with a roof terrace by the Gothic Cathedral.
However, prices like these won’t be around long, warns Knight, as growing demand will soon set second-tier prices sky-high.