I saw a recent posting here that suggested that anything above 2000 prices, or 250/ sf is too much, still ‘bubble’.
The condo conversions and multi-unit dwellings will probably hit 2000 pricing, but I find it highly unlikely that the townhomes and SFR’s will drop down that far in UTC. The demand for the location is too great. People will buy the nicer stuff like Madrid, etc.
(While most of Barcelona are “technically” SFR, I don’t classify them that way. When you have an entire side of the house with no windows because your neighbor’s wall is virtually 6 inches from you, how is that different than a townhome?)
