Property in Andalucian cities – 2008 Report
This report on Andalucia city property has been written by Barbara Wood of The Property Finders Andalucia. The Property Finders are buying agents who represent the buyer, not the vendor.
Cities in Andalucia
Across Spain, cities and provincial towns are undergoing a renaissance helped by E.U and regional government funding. For property buyers seeking a city destination with some history, great street life, elegant architecture and a quality of life second to none then Andalucía can offer some of Europe’s best.
Property in Seville
Certainly top of the list for capital growth in the last five years is Seville and the regeneration that started with Expo ’92, continues to transform one of Europe’s most beautiful city centres.
But the dizzy days of 2004/5/6, which saw 20% growth annually, are gone. Prices rises in 2007 have slowed to single digit and I now find sellers prepared to negotiate.
Parts of the historic quarter are now quite pricey, with 1 or 2 bedroom apartments in Santa Cruz from 275,00 € and 350,000 € repectively.
Prices are about 20% lower in La Macarena where the streets around the Alameda de Hercules and close to the river are the most interesting.
Property in Seville has excellent rental potential in both the cultural tourist sector and the long term Spanish market.
Property in Jerez
The smaller city of Jerez looks set to grow.
With its own airport and excellent road connections in all directions, it is easy to get to and superb beaches are only 15 minutes away at Sanlúcar de Barrameda.
It has the feel of the Seville of 25 years ago and prices right in the historic centre are about 20% lower than Seville at present. And Cádiz could be an interesting option for the longer term.
Property in Cordoba
Finally, Córdoba and the surrounding area has remained off the radar for most overseas property buyers because it is relatively difficult to get to; although there is a small airport there are no commercial flights in or out and even with the motorway up from Málaga finished, it is still a 200km drive.
Now, with the high speed AVE rail service to Malaga operational, a property owner can fly into Málaga and let the train take the strain – journey time will be an hour to Córdoba, about half what it takes to drive. So get out at Córdoba and hire a car there. Prices are about 30% lower than in Seville.
© Barbara Wood (The Property Finders)