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What is happening in Córdoba’s real estate market? Are prices on the rise or decline? Is Córdoba emerging as a new hotspot for investors? How are local policies and taxes shaping the real estate landscape in 2025?
These are the questions we hear every day from professionals, buyers, and sellers across the region. Maybe you’re curious about the same things.
We stay closely connected with local experts and individuals like you, exploring the Córdoba real estate market daily. That’s why we crafted this article: to offer clear answers, insightful analysis, and a comprehensive view of market trends and dynamics.
Our aim is straightforward: to make sure you feel informed and confident about the market without needing to search elsewhere. If you think we missed something or could improve, we’d love to hear your feedback. Feel free to message us with your thoughts, and we’ll strive to enhance this content for you.
1) Foreign buyers will increasingly seek Córdoba properties for short-term rental investments
Córdoba is becoming a prime spot for foreign buyers eyeing short-term rental investments.
With tourism on the rise, the city saw over 1 million overnight stays in 2023, a jump of 30.4% from the previous year. This boom in visitors is fueling the need for more places to stay, and short-term rentals are stepping up to fill that gap.
Short-term rentals in Córdoba are hot commodities, boasting a median occupancy rate of 61%. On average, these properties are booked for 223 nights a year, making them a lucrative option for those looking to invest in the bustling tourism scene.
The market is expanding, with 2,057 active listings on Airbnb as of September 2024. This growth is a clear sign that the demand for short-term rentals is not just a trend but a solid opportunity for profit.
Investors are drawn to the average daily rate of €90 for short-term rentals, which often outpaces the returns from long-term rental options. This profitability is a key factor attracting foreign buyers to the area.
As Córdoba continues to attract more tourists, the short-term rental market is poised for further growth, making it an appealing choice for savvy investors.
Sources: Travel and Tour World, Airbtics
2) Student influx will keep affecting the rental market, especially near universities
The influx of students is reshaping the rental market, especially around universities.
With 178,288 students enrolled at the National University of Córdoba in 2024, there's a huge demand for housing in the city. This surge in student numbers means more people are looking for places to live, pushing up the demand for rentals.
In Córdoba, the student housing market is thriving. For instance, preleasing rates for Yardi 200 schools hit 89.2% in July 2024. This shows that student housing is in high demand, and landlords are eager to take advantage of this trend. Consequently, rental prices near university campuses are on the rise, with apartments in popular areas like Ciudad Jardín costing between €250 and €400 per month.
Students love living close to their universities for both convenience and social life. This makes neighborhoods like Ciudad Jardín and San Andrés hot spots for student renters. The popularity of these areas is driving the development of new student housing projects, such as those by Interasmundo, which are strategically placed near universities and entertainment zones.
These trends are not just about numbers; they reflect a lifestyle choice. Students prefer to be near their educational institutions, which is why new accommodations are popping up in these sought-after areas. This ongoing development is a clear sign of the strong demand for student housing.
For anyone considering buying property in Córdoba, understanding these dynamics is crucial. The student influx is a key factor that will continue to influence the rental market, especially in areas close to universities.
Sources: Interasmundo, BDC Network, Erasmus Play
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) Nueva Córdoba will attract more buyers for its university proximity and vibrant cultural scene
Nueva Córdoba is becoming a hot spot thanks to its closeness to universities and a lively cultural scene.
In 2024, the National University of Córdoba saw a big jump in student numbers, reaching 178,288 enrollments. This means there's a growing need for housing nearby, making Nueva Córdoba a prime location for students looking for convenience.
Córdoba is also boosting its cultural appeal by promoting events and venues, which is a smart move to attract more residents. This makes areas like Nueva Córdoba even more attractive to students and young professionals who love cultural activities and social life.
The city isn't stopping there; it's investing in new amenities and infrastructure as part of its smart community strategy. Improved transportation and public services are on the way, making Nueva Córdoba even more desirable for those who want both convenience and a vibrant cultural environment.
For anyone considering buying property, Nueva Córdoba offers a unique blend of academic proximity and cultural richness. The neighborhood's appeal is only set to grow as these developments continue to unfold.
With these ongoing improvements, Nueva Córdoba is not just a place to live; it's a community that promises a dynamic lifestyle. Investing here could be a smart move for those looking to tap into a thriving area.
Sources: EduRank, Esri Newsroom
4) Young professionals moving to Córdoba will drive up demand for modern apartments
Young professionals are flocking to Córdoba thanks to its booming tech and service sectors.
The city has seen a remarkable surge in startup investments, with a 167% increase in Series A funding over recent years. This growth is fueled by more than 20 incubators and eight venture capital institutions, making Córdoba a hotbed for innovation and entrepreneurship.
With around 400 dynamic startups, Córdoba's vibrant ecosystem rivals major Latin American cities like Bogotá and Santiago de Chile. This thriving environment not only offers plenty of job opportunities but also creates a community of young professionals eager to collaborate and innovate.
Córdoba's modern infrastructure, including high-speed train connections, makes it a magnet for remote workers and young professionals who value convenience and connectivity. The city boasts numerous coworking spaces, such as LaZona and Corab 21, providing flexible and affordable work options that appeal to this demographic.
Surveys and media coverage often highlight young professionals' preference for urban living, and Córdoba's modern amenities and cultural offerings fit the bill perfectly. The city's historical landmarks, vibrant nightlife, and cultural events are frequently showcased on social media, enhancing its image as a desirable destination.
Real estate market reports indicate a rise in the sales of modern apartments, reflecting the growing demand from young professionals. Rising rental prices in urban areas also suggest an influx of young residents seeking modern living spaces, supported by demographic data showing a surge in young residents.
Sources: Startup Ecosystem in Córdoba, Coworking Spaces in Córdoba
5) Student-heavy areas will see rental yield growth due to steady demand
In student-heavy areas like Córdoba, the rental market is set for yield growth.
With a growing student population, especially those aged 25 to 29, there's a clear indication of a large student presence. This age group is typically in the midst of their university years, driving demand for nearby housing. The consistent need for student accommodation is further highlighted by strong occupancy rates and rent growth, as reported by Yardi Matrix. For example, by June 2024, 84.5% of beds at core universities had already been leased for the upcoming fall semester, underscoring the steady demand.
Rental prices in these student-heavy areas are on the rise, even if specific data for Córdoba isn't available. The general trend in the student housing sector shows increasing rental prices, with the average rent per bed reaching new heights in 2024. This trend is driven by the constant influx of students seeking accommodation close to their universities, making these areas highly sought after.
Low vacancy rates in student neighborhoods further emphasize the high demand. These strong occupancy rates suggest that these areas are in demand, with historical data on rental yields in university districts typically showing stable or increasing trends. This reinforces the idea of consistent demand, making it an attractive prospect for potential property investors.
Sources: Statista, CrowdStreet, Trading Economics
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6) Luxury rental yields will drop as supply exceeds demand
In Córdoba, luxury rental properties are flooding the market in 2023 and 2024.
With an 8% jump in Airbnb listings, totaling 2,057 by September 2024, the city is seeing more luxury rentals than ever. However, the demand isn't rising at the same pace, which is a key issue for potential investors. The occupancy rate for short-term rentals has been steady at 61%, which might sound okay, but it actually means demand isn't catching up with supply.
Real estate agencies are noticing more luxury properties popping up, but without more people wanting to rent them, rental yields are likely to drop. Investors are starting to look elsewhere, moving their money out of real estate, which could make the oversupply problem even worse.
Media outlets are buzzing about the oversupply of luxury rentals in Córdoba, and this chatter can sway potential renters to look for cheaper options. Property management companies are also finding it tough to fill these high-end units, which backs up the idea that there's just too much supply.
In the real estate world, when supply outpaces demand, it usually means lower returns for property owners. This is especially true in Córdoba, where the luxury rental market is feeling the pinch. Investors might want to think twice before diving into this saturated market.
As more luxury rentals hit the market, the competition among property owners is heating up. This could lead to price cuts and incentives to attract renters, further impacting rental yields. The current trend suggests that unless demand picks up, the luxury rental market in Córdoba will continue to face challenges.
Sources: AirDNA, Coldwell Banker, CaixaBank Research
7) Stricter short-term rental rules will affect property owners' investment strategies in Córdoba
Stricter regulations on short-term rentals in Córdoba have been stirring up discussions since 2023.
The city rolled out a new set of rules, making it mandatory for property owners to register with the Andalusian Tourism Registry and comply with specific habitability and safety standards. This means that if you're thinking of renting out your place for short stays, you'll need to navigate through more paperwork and meet these requirements. Property owners now face more hurdles to legally rent out their properties for short-term stays.
In 2023 and 2024, Córdoba didn't just stop at making rules; they put their money where their mouth is by boosting enforcement efforts. The city has been actively inspecting properties and handing out fines, especially targeting unlicensed rentals and those causing disturbances. This has created a tougher environment for property owners, pushing many to rethink their strategies. Some are now considering medium or long-term rentals to dodge the hassle and potential fines.
Take, for instance, an Airbnb host who got slapped with a massive €30,000 fine for renting without a license. This incident is a stark reminder of the serious consequences of not following the rules. The hefty fines and legal actions have made short-term rentals a riskier and more expensive venture, leading many to reconsider their investment plans.
For those looking to invest in Córdoba, it's crucial to understand these changes. The city's focus on regulating short-term rentals is reshaping the market. Investors are now weighing the benefits of long-term stability against the quick returns of short-term rentals.
As the landscape shifts, property owners are adapting to these new realities. Whether it's adjusting to new regulations or exploring different rental strategies, the key is staying informed and flexible. Understanding the local market dynamics can make all the difference in navigating these changes successfully.
Sources: BNB Calc, Short Term Rentalz, Enso Connect
8) Córdoba’s luxury property prices will rise as high-net-worth individuals seek exclusive homes
The luxury property market in Córdoba is set to see a price hike as demand continues to grow.
Back in 2018, only 41% of urban sales listings in Córdoba were in dollars, but by 2023, this figure skyrocketed to 92%. This shift highlights a booming interest in high-end real estate.
Take the Arguello zone, for example. Known for its upscale properties, the average price per square meter here is $1,457. This area is a magnet for wealthy buyers, and it's not alone. Other sought-after areas like Central and Pueyrredón are also seeing above-average price increases.
One of the main reasons for this price surge is the limited availability of exclusive properties. In some of Córdoba's top neighborhoods, prices exceed $1,800 per square meter, showing just how scarce and in-demand these luxury homes are.
Consider the Huerta de la Reina-Arruzafilla-Figueroa area, where the asking price for properties is the highest in Córdoba, reaching €1,782 per square meter. This underscores the premium buyers are willing to pay for exclusivity.
With high-net-worth individuals seeking unique properties, the luxury segment in Córdoba is experiencing a notable price increase.
Sources: Bowtied Mara, Indomio
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) Foreign buyers will increasingly target Córdoba’s luxury market due to favorable exchange rates
The Argentine peso's fluctuations make Córdoba's luxury properties more appealing to foreign buyers.
In 2023, foreign buyers made up nearly 15% of all housing transactions in Spain, with a noticeable increase in Polish investors, especially along the Mediterranean coast, including Córdoba.
International real estate agencies are reporting a rise in inquiries about Córdoba properties, highlighting a growing interest from foreign buyers in the luxury market.
With the US dollar and euro potentially gaining strength against the Argentine peso, foreign investors find Córdoba's luxury market more affordable and attractive.
Polish buyers are particularly active, driving a surge in property investments in Córdoba, reflecting a broader trend of foreign interest in the region.
As exchange rates become more favorable, foreign interest in Córdoba's luxury properties is expected to grow, making it a hotspot for international buyers.
Sources: Idealista, New Building Spain, The Olive Press
10) Córdoba will see more foreign investors as it gains international recognition
Córdoba is becoming a hotspot for foreign investors as it gains more international recognition.
In 2023, the city saw a remarkable boost in tourism, with overnight stays hitting 1.03 million, a 30.4% increase from the previous year. This uptick in visitors shows a growing interest in Córdoba, which is likely to catch the eye of foreign investors. The buzz around the city, fueled by media coverage of its attractions and recovery from the pandemic, is expected to keep drawing international attention.
Social media is playing a big role in putting Córdoba on the map. Trendy posts showcasing the city's charm are spreading like wildfire, making it a more appealing destination for investors. The vibrant expatriate communities in Córdoba also hint at a stable and welcoming environment, often acting as a magnet for potential investors.
These communities not only add to the city's cultural richness but also provide a network that can be invaluable for newcomers looking to invest. Having a support system in place makes the city even more attractive to those considering putting down roots or starting a business.
As Córdoba continues to shine on the global stage, the number of foreign investors is expected to rise. The city's unique blend of history, culture, and modern amenities makes it a compelling choice for those looking to invest in property. With its growing international profile, Córdoba is poised to become a key player in the real estate market.
Investors are likely to be drawn to the city's potential for growth and the opportunities it presents. The combination of increased tourism, media attention, and a supportive community creates a perfect storm for attracting foreign investment.
Source: Travel and Tour World
11) Córdoba’s property prices will rise moderately as demand exceeds supply
Córdoba's property prices have been steadily climbing, especially since October 2024.
Why the rise? Well, there's just not enough new land for development. Even though some new homes are popping up, it's not enough to keep up with the growing population. This shortage is made worse by not enough land set aside for building and a lack of skilled workers.
Both locals and international buyers are snapping up properties, which is pushing prices even higher. Low interest rates have made it easier to get mortgages, so more people are jumping into the market.
Urbanization and media buzz have painted Córdoba as a hot spot to live, making city life more appealing. The region's economic growth has also given people more spending power, so more folks are investing in real estate.
With all this demand, it's no wonder that property prices are expected to keep rising. The charm of Córdoba, combined with these economic factors, makes it a prime spot for real estate investment.
Sources: Spain Houses, CaixaBank Research, Indomio
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12) Affordable housing prices in the outskirts will stabilize as government incentives kick in
In Córdoba's outskirts, affordable housing projects are gaining momentum thanks to government efforts.
Back in 2023, the government stepped up by boosting funding and offering incentives to developers, aiming to make housing more accessible. This move was part of a larger plan to enhance social inclusion and align with the Sustainable Development Goals (SDGs). The idea was to create a more inclusive community where everyone could find a place to call home.
One smart strategy was to offer tax breaks to developers, much like the Low-Income Housing Credit (LIHTC) in the U.S., which has been a game-changer for affordable housing there. These incentives made it appealing for developers to dive into affordable housing projects, leading to a noticeable increase in housing supply. By 2024, suburban areas saw a boom in housing developments, thanks in part to financing from initiatives like the Enterprise Community Loan Fund.
While we don't have exact numbers on land prices in Córdoba, similar initiatives elsewhere show that government intervention often stabilizes or reduces land prices. This is key because lower land costs help keep housing prices steady. The success of programs like the LIHTC, which supported millions of housing units, proves that government incentives can effectively stabilize housing markets.
Affordable housing projects in Córdoba's outskirts are expected to see price stabilization as government incentives take effect. This means potential buyers might find more stable and predictable pricing, making it a good time to consider investing in these areas.
As these projects continue to develop, the outskirts of Córdoba could become a more attractive option for those looking to buy property, offering a blend of affordability and community growth.
Sources: OECD, U.S. Treasury, Enterprise Community
13) Central Córdoba will see higher rental yields as short-term rental demand rises
Córdoba's tourism boomed in 2023, with a record 1 million overnight stays in tourist apartments and flats, a 30.4% jump from 2022.
Thanks to this surge, short-term rental occupancy rates have climbed as more travelers choose these options over traditional hotels. The city saw 1.03 million overnight stays in these accommodations, reflecting a strong comeback in traveler confidence. Platforms like Airbnb and Booking.com are buzzing with new listings, attracting both local and international visitors.
Why the shift? Travelers love the homey feel of short-term rentals, complete with kitchens and living spaces, offering a personalized and flexible experience. This trend has pushed up average daily rates, as both domestic and international guests flock to these cozy spots.
Local events and festivals are a big draw, boosting demand for short-term rentals. These happenings make Córdoba a lively and culturally rich destination, pulling in more tourists. The government is also pitching in, promoting tourism with better infrastructure and attractions, making the city even more appealing.
Sources: Travel and Tour World, AirDNA
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.