Authored by the expert who managed and guided the team behind the Argentina Property Pack
Everything you need to know before buying real estate is included in our Argentina Property Pack
What will happen in Córdoba’s real estate market? Will prices go up or down? Is Córdoba still a hotspot for foreign investors? How is the local government impacting real estate policies and taxes in 2025?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with notaries, real estate agents, and clients who buy properties in Córdoba, we’ve gained firsthand insights.
That’s why we created this article: to provide clear answers, insightful analysis, and a well-rounded perspective on market predictions and forecasts.
Our goal is simple: to ensure you feel informed and confident about the market without needing to look elsewhere. If you think we missed the mark or could do better, we’d love to hear your thoughts. Feel free to message us with your feedback or comments, and we’ll work hard to improve this content for you.
1) Demand for modern, tech-friendly apartments in Córdoba will rise as young professionals move in
Young professionals are flocking to Córdoba thanks to its booming tech and startup scene.
From 2020 to 2023, Córdoba experienced a 94% surge in Agtech startups, solidifying its status as a tech hub. This growth is fueled by over 20 incubators and eight venture capital institutions, which have more than tripled in number over the past six years. The city is buzzing with innovation, making it a magnet for tech-savvy individuals.
The rise of remote work has made Córdoba even more appealing. With initiatives like open innovation labs and hackathons, over 200 SMEs have embraced remote work, making it easier for professionals to work from anywhere. The city actively promotes teleworking, offering numerous coworking spaces that cater to digital nomads.
As young professionals move in, there's a growing demand for high-speed internet and smart home features. These modern amenities are essential for those seeking a tech-friendly lifestyle. Córdoba's vibrant cultural and social scene, often celebrated in lifestyle articles, adds to its allure, providing the urban experience that many young professionals crave.
With its dynamic environment, Córdoba is becoming a hotspot for those looking to blend work and leisure seamlessly. The city's commitment to fostering innovation and supporting remote work makes it an ideal destination for the modern workforce.
Expect to see a rise in demand for modern, tech-friendly apartments as more young professionals choose Córdoba as their home base. The city's unique blend of culture, technology, and lifestyle is a winning combination for those seeking a balanced and fulfilling life.
Sources: Startup Genome, Telework Andalucia
2) Rental yields in Córdoba’s city center will rise as more tourists and business travelers seek short-term rentals
Córdoba welcomed 12.2 million visitors in 2023, surpassing pre-pandemic numbers and highlighting its growing allure.
With tourists flocking in, short-term rentals are thriving, boasting impressive occupancy rates. A typical listing is booked for 223 nights annually, with a median occupancy rate of 61%. This trend shows that travelers, both tourists and business folks, prefer these rentals over hotels for their flexibility and unique experiences.
Investors take note: short-term rental yields in Córdoba hit 6.3%, outpacing general rental yields. This means property owners can earn more from short-term rentals than from long-term leases, making it a lucrative opportunity.
The market is expanding, with 2,057 active Airbnb listings in Córdoba by September 2024. This growth is fueled by the increasing demand from tourists and business travelers, eager to explore the city.
Visitors are willing to pay a premium, with average daily rates for short-term rentals at €90. This willingness to spend more boosts rental yields, as property owners can charge higher nightly rates compared to long-term rentals.
Local government initiatives are also playing a role, promoting tourism and business travel, which in turn drives up demand for short-term rentals. As more visitors come for leisure and business, the city's appeal continues to grow.
Sources: Andalucia.com, Airbtics, Airbtics
We have made this infographic to give you a quick and clear snapshot of the property market in Argentina. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
3) Rental demand in Córdoba's historic areas will rise as cultural tourism grows
Córdoba's historic neighborhoods are buzzing with potential as cultural tourism takes off.
In 2023, the city saw a remarkable rise in overnight stays, with 1.03 million visitors choosing tourist apartments and flats. This is a 30.4% increase from the previous year, showing that more people are eager to dive into Córdoba's rich history and attractions.
Andalusia, the region where Córdoba is nestled, welcomed a record 12.2 million international tourists in 2023. This surge not only surpasses pre-pandemic levels but also highlights the area's irresistible charm, drawing culture enthusiasts from all corners of the globe.
In Córdoba, the short-term rental market is thriving. As of September 2024, there were 2,057 active Airbnb listings, with a median occupancy rate of 61% and an average daily rate of €90. This paints a picture of a stable and profitable market for property investors.
Hosts in Córdoba are seeing promising returns, with an average annual income of €19K and a year-over-year revenue growth of 4.95%. This underscores the potential for those looking to invest in the rental market here.
Sources: Travel and Tour World, Airbtics, Andalucia.com
4) Foreign investment in Córdoba’s residential properties will grow as the city becomes known for its quality of life
Córdoba is quickly becoming a favorite spot for foreign property investors.
Back in 2023, there was a noticeable shift when 92% of urban sales listings in Córdoba were priced in dollars, a big jump from just 41% in 2018. This change shows how much interest there is from international buyers looking to invest in Córdoba's real estate.
What makes Córdoba even more appealing is the buzz it's getting from international media. They highlight its charming neighborhoods and lower property prices compared to Buenos Aires, making it a great deal for those looking to get more bang for their buck. Plus, the city's tourism scene is thriving, thanks in part to the Córdoba Tourism Agency's UNWTO.QUEST Certification, which boosts its profile and attracts both tourists and potential property buyers.
Another factor drawing foreign investors is the removal of the 1.5% ITI tax on property sales in Argentina. This change makes Córdoba's market even more attractive, especially when you consider the city's affordable cost of living and apartment prices that are much lower than in Buenos Aires.
All these elements together paint a bright picture for Córdoba's real estate market, suggesting that foreign investment is likely to grow as more people discover the city's unique charm and value.
Sources: Bowtied Mara, UNWTO
5) Córdoba’s home prices will keep rising because the population is growing and housing supply is limited
Córdoba's population has surged to 3.88 million by August 2023, with young adults driving this growth.
As more people flock to Córdoba, the demand for housing is skyrocketing. Young professionals, especially those aged 25 to 29, are seeking homes, adding pressure to the market.
Finding land for new homes is becoming a challenge. While exact figures aren't available, the limited number of new housing permits hints at a land shortage. This scarcity is making developers compete fiercely, which naturally pushes up property prices.
Another sign of the housing demand is the currency used in transactions. In 2023, 92% of real estate deals were done in dollars, showing strong buyer interest and contributing to rising prices.
Looking at past trends, Córdoba's real estate market has been on an upward trajectory. Prices jumped by 4% in 2023, the biggest increase since 2019, reflecting the ongoing demand.
With a growing population and limited housing supply, Córdoba's real estate prices are likely to keep climbing. The city's appeal and economic opportunities continue to attract new residents.
Sources: Statista, BowTiedMara
Get to know the market before you buy a property in Córdoba
Better information leads to better decisions. Get all the data you need before investing a large amount of money. Download our guide.
6) Property values in Córdoba's northern outskirts will drop as younger families choose central areas
Younger families in Córdoba are increasingly choosing to live in more central areas of the city.
Central Córdoba is becoming a hotspot for families, thanks to urban regeneration projects that have breathed new life into these neighborhoods. These projects are making the city center more attractive and livable, similar to what happened in Austin, Texas, where strong public school systems and recreational activities drew families back to urban areas.
In Córdoba, the central areas offer better schools and amenities, which are a big draw for young families who prioritize education and quality of life. This shift is evident in the real estate market, where property values in central neighborhoods like Huerta de la Reina-Arruzafilla-Figueroa are rising, reflecting a growing demand for urban living.
Families are also attracted to the shorter commutes and better connectivity that come with living in the city center. The ongoing urban development plans, such as the recovery of the Belgrano Railway Premises, aim to create walkable neighborhoods and improve public spaces, making these areas even more appealing.
These developments are part of a broader strategy to enhance the quality of life in central Córdoba, offering vibrant and engaging communities that young families are eager to be a part of. As a result, properties in the northern outskirts of Córdoba are seeing a decline in value as families prefer the benefits of central living.
Sources: Indomio, Cities Collaboratory, Iowa State University Research
7) Property prices in eastern Córdoba will rise as new parks and green spaces are developed
The eastern part of Córdoba is on the brink of transformation with the development of new green spaces and parks.
These changes are expected to lead to a rise in property prices. The Córdoba Smart City Fund, launched in 2021, has been a key player in this urban development, promoting investments that include creating these green spaces. This fund is part of a broader effort to enhance the city's appeal and livability.
In many cities, new parks and green spaces often lead to a significant increase in property values. While specific data for Córdoba isn't available, cities like Barcelona and Madrid have shown how such improvements can boost property values. These examples offer a glimpse into what might happen in Córdoba.
The local government is actively working on these projects, as seen in the successful execution of the first call for projects by the Córdoba Smart City Fund. This shows a strong commitment to developing the city, likely including plans for new green spaces. Real estate market reports also highlight trends in eastern Córdoba, suggesting an increasing demand for properties in these areas.
As new parks and green spaces emerge, the eastern part of Córdoba is becoming more attractive to potential buyers. This trend is supported by the increasing demand for properties in areas with new green spaces, as noted in recent market reports.
With these developments, the eastern part of Córdoba is poised for a rise in property prices, making it a promising area for investment. The combination of urban development and the creation of green spaces is expected to enhance the area's appeal significantly.
Sources: Cordoba Smart City Fund - Observatory of Public Sector Innovation, The Spanish real estate market in 2024-2025: in expansive mode, 392 Properties for Sale in Córdoba Province - Properstar
8) Property prices in Córdoba's tourist areas will dip slightly as visitor numbers fluctuate
Córdoba's real estate market is deeply intertwined with tourism.
In 2023, the city experienced a 30.4% jump in overnight stays in tourist apartments, a promising sign after the pandemic slump. But remember, this growth can be unpredictable. During the pandemic, overnight stays plummeted by nearly 69%, showing how quickly things can change.
While hotel occupancy rates in Spain have generally risen, Córdoba might not see the same stability. Some provinces have seen occupancy rates stagnate from 2023 to 2024, indicating that the tourism boom isn't benefiting every area equally.
There's also a shift in what tourists want. Younger travelers are now looking for unique experiences rather than traditional stays, which could affect property demand in tourist-heavy areas. This trend might influence which properties are in demand and which aren't.
Economic data from Argentina's winter break in 2024 showed a drop in tourist spending compared to 2023. This could hint at similar patterns in Córdoba, potentially impacting local businesses and real estate prices.
For those considering buying property in Córdoba, it's crucial to understand these dynamics. Areas heavily reliant on tourism might see a slight decline in property prices due to fluctuating visitor numbers.
Sources: Travel and Tour World, Dataestur, Sustainable Travel, Buenos Aires Times
We made this infographic to show you how property prices in Argentina compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
9) Rental yields in Córdoba's tech district will increase as more professionals relocate for work
Rental yields in Córdoba's tech district are set to rise as more professionals flock to the area for work.
With the tech district booming, more tech professionals are choosing to live close to their workplaces, making the area highly sought after. The convenience of a short commute and the vibrant lifestyle are big draws for these workers.
Big names like VENG and FADEA have put Córdoba on the map, boosting its knowledge-economy industry. This has led to a thriving startup scene, creating more jobs and attracting even more professionals to the city.
As more people move in, property prices in the tech district are climbing. A 1-bedroom apartment in the Centro area now costs €135,000, with a yield of 5.33%. This trend suggests that rental yields will continue to rise.
The influx of tech professionals is not just a temporary trend; it's reshaping the housing market. As demand for rental properties grows, investors are eyeing Córdoba as a lucrative opportunity.
With the tech sector's expansion, the district is becoming a hotspot for both living and investment. Rental yields are expected to keep climbing as the area continues to attract talent and innovation.
Sources: Global Property Guide, StartupBlink
10) Tech-savvy buyers will be drawn to Córdoba as smart home technology becomes standard in new developments
In Córdoba, smart home technology is becoming a must-have for new property developments.
Picture this: in 2023, the smart home market in Spain was worth USD 3.26 billion, and it's on track to hit USD 12.86 billion by 2030. This boom, with a yearly growth of 21.7%, shows how quickly people are embracing smart tech in their homes.
Spain is leading the way in Europe with a 39% adoption rate for connected homes, outpacing even France. This trend is clear in Córdoba, where residents are keen to blend technology into their daily lives. Globally, the appetite for tech-savvy homes is growing, with spending on smart systems expected to top $170 billion by 2025.
By 2025, a whopping 70% of homebuyers will be on the hunt for smart homes, drawn by the ease, time savings, and security they provide. Many are even ready to shell out extra cash for properties with these high-tech features, making them a hot commodity for developers.
In Córdoba, developers are catching on, incorporating smart home technology as a standard feature to attract tech-savvy buyers. This shift is not just about keeping up with trends; it's about meeting the growing demand for homes that offer more than just a roof over your head.
Sources: NextMSC, Paces Funding, Exploding Topics
11) Virtual reality tours will be widely used for property viewings in Córdoba, especially by international buyers
Virtual reality tours are revolutionizing how international buyers view properties in Córdoba.
With the rise of VR technology, 3D virtual tours have become increasingly popular, especially in the real estate market. This trend is particularly evident in Córdoba, where international buyers are keen on exploring properties remotely. The city is known for its attractive rental yields and rising home values, making it a prime spot for investment.
For many international buyers, visiting properties in person is a challenge. Virtual tours offer a convenient solution, allowing them to explore homes from anywhere in the world. This is especially appealing in Córdoba, where the real estate market is booming.
Surveys reveal that over 50% of adults have experienced a virtual tour, and a significant 67% of home buyers prefer them when searching for properties. Homes with virtual tours tend to attract 48% more interest than those with just photos and videos, proving the effectiveness of this technology.
Thanks to technological advancements, VR has become more accessible and affordable. Real estate agencies can now offer high-quality virtual tours without breaking the bank. Platforms like 3DVista provide customizable features, enhancing the user experience and making virtual tours a compelling option for both buyers and sellers.
In Córdoba, virtual reality tours are set to become a standard tool for property viewings, especially for international buyers who are unable to visit in person. This shift is transforming the way properties are marketed and sold, offering a seamless experience for potential buyers.
Sources: REI Ink, Airbtics, PhotoUp
Buying real estate in Córdoba can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
12) Property values near Córdoba's new tech hubs will rise significantly as more tech professionals move in
Property values in tech hub areas are on the rise globally, and Córdoba is no exception.
In cities like San Francisco and Seattle, the presence of tech giants has significantly boosted property values. This trend is expected to continue in Córdoba as it develops into a tech hub. Neighborhoods near the new tech hubs in Córdoba will experience a notable increase in property values due to the influx of tech professionals.
Buenos Aires has already seen a rise in housing demand in tech-centric neighborhoods. This is largely because tech professionals prefer living close to their workplaces. As Córdoba attracts more of these professionals, we can anticipate a similar surge in housing demand.
Looking at Medellín, Colombia, we see how the growth of the tech industry can lead to increased property values. The city's healthtech sector has grown substantially, positively impacting local property values. Córdoba's tech industry growth could have a comparable effect on its real estate market.
For those considering buying property in Córdoba, it's worth noting that tech professionals are drawn to areas with good infrastructure and amenities. Investing in these neighborhoods could be a smart move as the tech industry continues to expand.
As Córdoba's tech scene grows, expect more cafes, co-working spaces, and cultural spots to pop up, making these neighborhoods even more attractive. This development will likely further drive up property values, creating a vibrant community for tech professionals and residents alike.
Sources: MSCI Real Estate in Focus: 2025 Trends to Watch, Alcor BPO - IT Market in Argentina, Visible.vc - Growing Tech Hubs in Latin America
13) Price growth in Córdoba's western neighborhoods will slow down because of worries about overdevelopment
The western neighborhoods of Córdoba are seeing a slowdown in property price growth due to overdevelopment concerns.
With rising inventory levels, more properties are hitting the market, which could lead to a flood of options for buyers. This abundance might reduce demand, causing prices to stagnate. Imagine walking through these neighborhoods and seeing "For Sale" signs everywhere; it’s a clear sign that the market is cooling off.
Buyers are becoming cautious, as shown by a decrease in sales volume. Fewer people are competing for homes, which means sellers might not get the high prices they once expected. If you’re looking to buy, you might notice homes sitting on the market longer, hinting that sellers could be open to negotiating lower prices.
Local government data reveals a spike in construction permits, indicating a building boom. This could lead to too many homes and not enough buyers, further slowing price growth. Residents are voicing their concerns, and media outlets are picking up on this community pushback, which might make potential buyers think twice.
Community opposition is growing, as seen in media reports, reflecting unease among locals. This sentiment can deter new investments, as people might worry about the neighborhood's future. If you’re considering buying here, it’s worth paying attention to these local dynamics.
Sources: Bowtied Mara, WHYY
14) Demand for rentals near universities in Córdoba will grow as more international students arrive
The influx of international students in Córdoba is set to boost demand for rental properties near universities.
With more students enrolling at places like the National University of Córdoba, the need for nearby housing is on the rise. These universities are expanding their international programs, inviting students from all over the world to study for a semester or two.
This push to attract international students is expected to continue, further increasing the demand for housing in areas close to these educational institutions. Many of these students prefer living off-campus, a trend seen worldwide.
On-campus accommodation is limited, so students often look for rentals in nearby neighborhoods. This preference is driving up demand for properties around universities.
For potential property buyers, this means investing in rental properties near universities could be a smart move. The steady stream of international students ensures a consistent demand for housing.
As Córdoba's universities continue to grow their international appeal, the rental market in these areas is likely to remain strong. This makes it an attractive option for those looking to invest in real estate.
Sources: UNC, Walterboro Live, 4icu
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.