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Is now a good time to buy Real Estate in BCN? (Barcelona)

I am moving with my family September 1 to Barcelona. We currently live in Santiago, Chile. I have been following the economy and real estate trends in BCN for the past year and I am inclined to think we would be smart to buy sooner rather than later.

My thoughts are:
1) Very low interest rates
2) It appears the economy is improving and the real estate market bottomed out already
3) Prices are relatively low still as a result of the recession but may not stay that way

Anyone with deeper expertise into the real estate market have a strong opinion on which way the market is going and whether it is a good time to invest in a primary residence?

In case it is relevant, we are looking at Gracia and Sarria-Sant Gervasi area.

Barcelona Forum