Commercial property in Barcelona question

[Sean Walton]

I have a friend who is trying to sell a comercial Condo in Barcelona that can also easily be converted to a residential condo. It is pretty central and recently remodeled. Does anyone know a lot about the market there that can give her advice?

[Dougan Milne]

Hi Sean - I'm new here on BP, but have been living / investing in BCN for a few years. I'm American.

Here, we call your friend's place a Loft / Local. They are not 'easily' convertible to residential, and generally require a good chunk of Euros to get through the change of license process. This will likely eat into her appreciation /cap gains.. but she may come out ahead and should be fine if she is reinvesting.

She can also rent as a commercial unit, but market rates and taxation are different in this category... And the contract and intention for this need to be clear.

Adria is right that the seller's market has slowed in the past couple months, so try to encourage her to think positive and more long term. You can put her in contact with me if needs be. Take Care.