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Córdoba's apartment market offers exceptional value compared to other Spanish cities, with average prices around €1,542 per square meter as of September 2025.
The city presents significant opportunities for both investors and residents, with one-bedroom apartments in the center starting from €120,000 and rental yields remaining attractive in most neighborhoods. Property prices in Córdoba remain 30-35% below Spain's national average, making it an increasingly popular destination for real estate investment.
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Córdoba apartment prices average €1,542 per square meter, significantly below Spain's national average of €2,237 per square meter.
Total annual ownership costs for a typical apartment with mortgage hover around €11,000-€12,000, including all taxes, fees, and utilities.
| Apartment Type | City Center Price Range | Outside Center Price Range |
|---|---|---|
| 1-bedroom | €120,000 - €150,000 | €70,000 - €115,000 |
| 2-bedroom | €140,000 - €200,000 | €90,000 - €140,000 |
| 3-bedroom | €180,000 - €240,000 | €150,000 - €200,000 |
| 4-bedroom | €240,000 - €320,000+ | €200,000 - €280,000 |
| Price per m² | €1,400 - €1,849 | €1,100 - €1,400 |
| Monthly Rent (2-bed) | €600 - €850 | €490 - €650 |
| Annual Property Tax | €500 - €700 | €400 - €600 |
What's the average price per square meter for apartments in Córdoba?
The average price per square meter for apartments in Córdoba stands at €1,542-€1,549 as of September 2025.
City center areas command higher prices, ranging from €1,400 to €1,700 per square meter in the Centro district. Premium neighborhoods like Arruzafa and El Brillante can reach up to €1,849 per square meter for new construction properties.
The most affordable areas, including Levante and similar outer neighborhoods, offer apartments at €1,100-€1,400 per square meter. These areas still provide good access to the city while offering significant savings compared to central locations.
New construction developments typically carry a 15-25% premium over older properties, with prices ranging from €1,600-€1,900 per square meter in desirable locations.
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How much does a one-bedroom apartment typically cost in the city center?
One-bedroom apartments in Córdoba's city center typically cost between €120,000 and €150,000 for purchase as of September 2025.
These prices vary significantly based on the exact location within the center, building condition, and available amenities. Recently renovated apartments or those in premium buildings can reach the upper end of this range.
For rental purposes, one-bedroom apartments in the city center command €500-€700 per month, making them attractive for both investors seeking rental income and residents wanting central location convenience.
The price difference between older and newer one-bedroom units in the center can be substantial, with renovated or newly built apartments commanding prices closer to €150,000, while older properties requiring updates start around €120,000.
How much does a one-bedroom apartment typically cost outside the center?
One-bedroom apartments outside Córdoba's city center are significantly more affordable, typically ranging from €70,000 to €115,000 for purchase.
Monthly rental costs for these properties range from €340 to €500, making them particularly attractive for first-time buyers and investors seeking higher rental yields.
Suburban areas and outer districts offer the best value, with some well-maintained one-bedroom apartments available for under €80,000 in neighborhoods with good public transport connections.
The savings compared to city center properties can reach €40,000-€50,000 for similar-sized apartments, while still maintaining reasonable commute times to the center.
What's the price range for a two-bedroom apartment in the center versus outside?
Two-bedroom apartments in Córdoba's city center typically cost between €140,000 and €200,000, while those outside the center range from €90,000 to €140,000.
| Location | Purchase Price Range | Monthly Rent Range |
|---|---|---|
| City Center | €140,000 - €200,000 | €600 - €850 |
| Outside Center | €90,000 - €140,000 | €490 - €650 |
| Premium Center Areas | €180,000 - €220,000 | €750 - €950 |
| Suburban Areas | €80,000 - €120,000 | €450 - €600 |
| New Construction Center | €170,000 - €240,000 | €700 - €900 |
| Outer Districts | €70,000 - €110,000 | €400 - €550 |
| Renovated Properties | €160,000 - €210,000 | €650 - €800 |
How much do larger apartments, like three or four bedrooms, cost on average?
Three-bedroom apartments in Córdoba average between €180,000 and €240,000 for purchase, with rental costs ranging from €650 to €1,000 per month.
Four-bedroom apartments command higher prices, typically ranging from €240,000 to €320,000 in city center and premium areas. Some listings in outer districts start from €200,000 for four-bedroom units.
Location significantly impacts pricing for larger apartments, with city center four-bedroom units often exceeding €300,000, while similar properties in suburban areas can be found for €220,000-€280,000.
Rental demand for larger apartments remains strong, particularly among families and professionals seeking more space, with four-bedroom units typically renting for €800-€1,200 per month depending on location and amenities.
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What's the difference in cost between buying new construction and older apartments?
New construction apartments in Córdoba typically command a 15-25% premium over older properties, with prices ranging from €1,600 to €1,900 per square meter.
Older apartments generally fall within the €1,100-€1,400 per square meter range, though many may require renovation investments that can add €10,000-€30,000 to the total cost.
Premium new developments in areas like Arruzafa and El Brillante can exceed €1,900 per square meter due to modern amenities, energy efficiency, and contemporary design features.
The price difference becomes more pronounced in desirable neighborhoods, where new construction can cost €200-€300 per square meter more than comparable older properties.
Buyers should factor in potential renovation costs for older properties, which can partially offset the initial savings depending on the condition and desired updates.
What's the typical monthly mortgage payment for an average apartment, assuming a standard down payment?
The typical monthly mortgage payment for an average apartment in Córdoba is approximately €644 per month, based on current market conditions as of September 2025.
This calculation assumes a €170,000 apartment purchase with a standard 20% down payment (€34,000), financing €136,000 over 25 years at the current average interest rate of 2.98% for residents.
Mortgage rates for residents currently range from 2.9% to 3.0% annually, making financing relatively affordable compared to many European markets.
For a more expensive €200,000 apartment with a €40,000 down payment, monthly payments would increase to approximately €757 per month under similar terms.
Non-residents typically face higher interest rates, potentially adding €50-€100 to monthly payments depending on their financial profile and chosen lender.
How much are the average property taxes and monthly community fees for an apartment?
Average property taxes (IBI) in Córdoba amount to approximately 0.72% of the cadastral value, typically resulting in annual costs of €500-€700 for most apartments.
| Fee Type | Annual Cost | Monthly Equivalent |
|---|---|---|
| Property Tax (IBI) | €500 - €700 | €42 - €58 |
| Standard Community Fees | €600 - €1,200 | €50 - €100 |
| Luxury Building Fees | €1,200 - €1,800 | €100 - €150 |
| Basic Building Fees | €360 - €720 | €30 - €60 |
| Buildings with Pool/Gym | €900 - €1,500 | €75 - €125 |
| Elevator Maintenance | €180 - €300 | €15 - €25 |
| Security Services | €240 - €480 | €20 - €40 |
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Argentina versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
What are the average utility costs per month for an apartment in Córdoba?
Average utility costs for an apartment in Córdoba range from €150 to €170 per month for basic services including electricity, heating, cooling, water, and waste collection.
Electricity costs typically represent the largest portion of utility bills, especially during summer months when air conditioning usage peaks, adding €60-€80 to monthly expenses.
Water and sewage services generally cost €25-€35 per month for average consumption, while heating costs vary seasonally from €20-€50 depending on the apartment size and insulation quality.
Internet and cable television services add approximately €30-€50 per month to total utility costs, depending on the chosen package and provider.
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How much would you need for a 20% down payment on an average apartment?
A 20% down payment for apartments in Córdoba varies significantly based on property type and location, ranging from €14,000 to €64,000.
1. **One-bedroom apartment in center (€120,000)**: €24,000 down payment2. **One-bedroom apartment outside center (€70,000)**: €14,000 down payment 3. **Two-bedroom apartment in good area (€160,000)**: €32,000 down payment4. **Three-bedroom apartment (€200,000)**: €40,000 down payment5. **Four-bedroom apartment in premium area (€320,000)**: €64,000 down paymentMost buyers should also budget an additional 10-12% of the purchase price for closing costs, including transfer taxes, notary fees, and registration costs.
First-time buyers may access programs allowing lower down payments, though these typically come with higher interest rates or additional insurance requirements.
What's the total cost of ownership per year, including mortgage, taxes, community fees, and utilities?
The total annual cost of ownership for an average €160,000 apartment in Córdoba amounts to approximately €11,000-€12,000, including all major expenses.
| Expense Category | Annual Cost | Monthly Cost |
|---|---|---|
| Mortgage Payment (€644/month) | €7,728 | €644 |
| Property Tax (IBI) | €600 | €50 |
| Community Fees | €900 | €75 |
| Utilities (Electric, Water, Gas) | €1,800 - €2,000 | €150 - €167 |
| Insurance | €200 - €300 | €17 - €25 |
| Maintenance Reserve | €500 - €800 | €42 - €67 |
| Total Annual Cost | €11,728 - €12,228 | €977 - €1,019 |
How do apartment prices in Córdoba compare to the national average price per square meter in Spain?
Córdoba apartment prices are significantly below Spain's national average, offering 30-35% savings compared to the broader Spanish real estate market.
Córdoba's average price of €1,542-€1,576 per square meter compares favorably to Spain's national average of approximately €2,237 per square meter as of spring 2025.
This price differential makes Córdoba one of the most affordable major cities in Spain for apartment purchases, particularly attractive for first-time buyers and investors seeking value.
The gap has remained relatively stable over recent years, suggesting Córdoba maintains its position as an affordable alternative to more expensive Spanish cities like Madrid, Barcelona, and coastal resort areas.
It's something we develop in our Argentina property pack.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Córdoba's apartment market presents compelling opportunities for both investors and residents seeking affordable Spanish real estate.
With prices 30-35% below the national average and total ownership costs around €11,000-€12,000 annually, the city offers excellent value in the current market environment.
Sources
- Indomio Real Estate Market Report
- The LatinVestor Córdoba Property Analysis
- RentYourNest Córdoba Apartment Guide
- Nestpick Córdoba Market Data
- Idealista Córdoba Rental Market
- Spanish Mortgage Rates 2025
- IBI Property Tax Spain 2025
- Numbeo Cost of Living Córdoba
- Idealista Spanish Housing Market 2025
- Global Property Guide Spain