Designing stands for exhibitions in Barcelona has become a lucrative business in a city that has become one of the most attractive destinations on the Mediterranean for events. Plus, it’s definitely a city we should keep a watchful eye on, in terms of investing.
Despite its turbulent political situation, Barcelona has remain in the last year an attractive destination for events and 2016 seems to keep on that track.
It has been ranked number 12 by the Telegraph on the list of European cities with the best investment prospects in property. If you are looking for foreign investments this year, you might consider take a look to Barcelona.
Besides the events and huge summits like the Mobile Congress that will start in a couple of weeks, the city has grown strong in other areas like:
Home of famous international brands like Mango, Custo Barcelona or Desigual, the recent Barcelona fashion Week (080 fashion) demonstrated that fashion and textile industry is strong not only in the city bit in Spain.
Barcelona has struggle in recent years to become a leader on entrepreneurship and independent initiatives, and under that principles it struggled to attract a massive event such as the Mobile Congress.
Barcelona wants to be known internationally for more than tapas, Gaudí and soccer, it wants to be consider as one of the main tech hubs in the world like London or Silicon Valley, and so far it has succeeded attracting a different number of big startups to open offices in the city: Airbnb, Uber, Booking or Amazon are a few examples of big multinationals that have recently open offices in the city.
On 2015, Barcelona´s tech startups perceived 60% of the funding destined to these types of companies in Spain, making it the main technology hub in the country and an interesting destination for investors.
Barcelona´s startup ecosystem is composed mainly of e-commerce, videogames companies and classifieds that attracted only last year 44 venture capital funds, a reason to believe there is something going on on this sector.
Chinese and Russian tourists always include Barcelona on their routes, because is a city that has everything: culture, beautiful landscapes, soccer and shopping. Investing in luxury shopping in Barcelona might be very profitable considering the increasing interest the city is generating among Chinese tourists, the top global expenders according to a recent survey made by Business Insider.
La Roca Village, a luxury shopping mall located on the outskirts of the city, has arranged logistics that include a non-stop private bus that will take the buyers to the doors of the shopping mall and will bring them back for a 12 euro fee to the center of Barcelona.
Although a bit saturated, tourism is another possible way of investing your money in this city, which involves not only tourist operators or hotels but has also to do with luxury spas, accommodations and transportation.
If you are thinking on investing on real state on a foreign country the timing couldn´t be better. Real state prices are slowly starting to rise after the economic meltdown that almost finishes with Spain’s real state industry, and Barcelona offers new attractive projects in exclusive areas that you might consider.