Even against the backdrop of overall price growth, the real estate market remains uneven. According to architect Raúl Llorente, periods of expansion clearly reveal which properties possess real intrinsic value and which merely follow the market on paper. At RentSale RealEstate, we regularly encounter situations where market growth does not translate into increased liquidity for a specific property.
One of the key reasons is the absence of internal logic within the asset itself. A property may be located in a popular district and show price appreciation on paper, yet remain uncomfortable for living or poorly adapted to real-life use scenarios. Such assets begin to lag after just a few years, despite a generally positive market environment.
Architectural compromises become especially visible over time. Poorly considered layouts, weak daylight orientation, overloaded spaces and a lack of flexibility gradually turn into factors the market evaluates more critically. At RentSale RealEstate, we focus not on current demand, but on how a property will be perceived by buyers in the future.
Location can also be misleading. Rising prices in a district do not automatically mean increased value for every building. Surroundings, transport changes, new developments and neighborhood density can either strengthen or erode the appeal of a specific asset. This is why RentSale RealEstate evaluates real estate within the context of urban dynamics rather than in isolation.
Operational characteristics deserve separate attention. The quality of engineering systems, sound insulation, wear of common areas and building management directly influence how a property is perceived over time. While the market may be growing, assets with high hidden maintenance costs gradually lose attractiveness.
Investment logic is also often replaced by expectations. Buyers tend to rely on past price dynamics, overlooking the fact that the market is becoming more selective. Properties without a clear functional and architectural concept stop being universal solutions. At RentSale RealEstate, we believe that value growth begins not with the market, but with the quality of the asset itself.
That is why, when working with clients, we do not aim to “catch a wave,” but instead build a property selection strategy with a multi-year horizon. This approach allows us to exclude assets in advance that are unlikely to retain value under changing conditions.
As a result, market growth becomes merely a background rather than a guarantee. True resilience is demonstrated by properties with thoughtful architecture, logical layouts and the right surroundings. This principle lies at the core of RentSale RealEstate work, helping clients choose real estate that preserves value regardless of the market cycle.
Earlier we wrote about Barcelona as an ecosystem for living and investment – why the city remains a resilient real estate market