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Property prices in Córdoba are not expected to go down in the near future. As of September 2025, the Córdoba real estate market shows strong fundamentals with average prices at €1,542 per square meter, marking a 4.19% annual increase. Professional forecasts from major Spanish banks predict continued price growth of 4-9% through 2025 and around 5% in 2026, driven by falling mortgage rates, steady demand, and limited supply in central areas.
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Córdoba's property market demonstrates resilience with steady price appreciation and strong investor interest from both domestic and foreign buyers.
The combination of improving mortgage affordability, limited housing supply, and economic recovery supports continued upward price pressure through 2026.
| Market Indicator | Current Status (Sep 2025) | Trend |
|---|---|---|
| Average Price per m² | €1,542 | +4.19% annual growth |
| Properties for Sale | 421 listings | -1.61% vs 2024 |
| Average Listing Time | 6-8 weeks | Faster than national average |
| Rental Yield | 6.05% average | Stable, slight decrease |
| Mortgage Rate | 3.13% | Down from 3.60% in 2024 |
| New Units (2025-2027) | 310+ planned | Increasing construction |
| Price Forecast 2026 | +4-5% growth | Continued appreciation |
What's the current average price per square meter in Córdoba and how has it changed over the past year?
The average property price in Córdoba stands at €1,542 per square meter as of September 2025.
This represents a solid annual increase of 4.19% compared to September 2024, indicating healthy market growth. The city center commands the highest prices, while peripheral areas offer more affordable options starting around €1,165 per square meter.
Premium neighborhoods near the historic center can reach up to €1,849 per square meter, reflecting the desirability of central locations. Most residential areas fall within the €1,400 to €1,700 per square meter range, providing good value compared to major Spanish cities like Madrid or Barcelona.
This steady price appreciation demonstrates the resilience of Córdoba's property market, driven by consistent demand from both local and international buyers. The growth rate aligns with broader Spanish market trends while maintaining affordability advantages.
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How many homes are currently available for sale in Córdoba compared to last year?
Córdoba currently has approximately 421 properties listed for sale across the province as of September 2025.
This represents only a marginal decrease of 1.61% compared to the same period in 2024, indicating relatively stable housing supply. The limited inventory reflects strong buyer demand that continues to absorb available properties at a steady pace.
The stable supply levels suggest that the market is neither oversaturated nor experiencing severe shortages. However, the slight reduction in available properties, combined with sustained demand, contributes to the upward pressure on prices.
This supply-demand balance favors sellers and supports continued price appreciation. The consistent inventory levels also indicate that developers and property owners are releasing properties at a measured pace rather than flooding the market.
How long does it typically take to sell a property in Córdoba right now?
Properties in Córdoba typically remain on the market for 6 to 8 weeks before selling as of September 2025.
This selling timeframe is faster than the Spanish national average, indicating strong buyer activity and market liquidity. Well-priced properties in desirable neighborhoods like Centro and Judería often sell even more quickly, sometimes within 4 to 6 weeks.
The relatively short listing period reflects healthy demand from both domestic and international buyers. Properties that are priced competitively and in good condition tend to attract multiple inquiries quickly, leading to faster sales.
This rapid turnover rate benefits sellers by reducing carrying costs and uncertainty, while buyers need to act decisively when they find suitable properties. The efficient market conditions suggest confidence among both buyers and sellers in Córdoba's property market.
How many property transactions were completed in Córdoba recently compared to previous periods?
Property sales in Córdoba show a mild increase compared to the previous year, following broader Spanish market trends.
Spain-wide home sales rose by 10% year-on-year in 2024, with the market stabilizing in 2025 while maintaining strong transaction activity. Córdoba reflects this national pattern with steady sales volumes indicating sustained market confidence.
The consistent transaction levels demonstrate that buyers remain active despite rising prices, supported by improving mortgage conditions and economic recovery. Both residential and investment purchases contribute to the stable sales activity.
This transaction stability suggests that the market is operating efficiently without dramatic volatility. The steady sales pace supports continued price growth while maintaining market liquidity for both buyers and sellers.
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What are current mortgage interest rates in Spain and how do they affect affordability in Córdoba?
The average mortgage interest rate in Spain currently stands at 3.13% as of September 2025.
This represents a significant improvement from 3.60% in August 2024, making property purchases more affordable for buyers. Financial analysts forecast further rate reductions, potentially reaching 2.1% to 2.25% by 2026.
Lower borrowing costs directly improve affordability by reducing monthly mortgage payments for the same loan amount. This enhanced affordability supports increased buyer activity and contributes to sustained price growth in the Córdoba property market.
The declining interest rate trend particularly benefits first-time buyers and investors looking to leverage their purchases. Improved financing conditions help maintain strong demand even as property prices continue to rise.
For a typical property purchase in Córdoba at €1,542 per square meter, the lower rates translate to meaningful monthly savings compared to higher rate periods in 2024.
How have household incomes in Córdoba evolved over recent years?
Household incomes in Córdoba are gradually recovering following the post-pandemic economic adjustment period.
Nationally, Spanish household incomes dropped approximately 16% between 2019 and 2020 but have been steadily improving since then. Córdoba's diverse economy, supported by agriculture, tourism, and services, mirrors this national recovery trend.
While detailed recent figures specific to Córdoba are limited, the city's economic fundamentals remain solid compared to smaller Spanish cities. However, income levels still lag behind major metropolitan areas like Madrid and Barcelona.
The gradual income recovery supports housing demand as residents regain purchasing power. This economic improvement, combined with lower mortgage rates, helps maintain buyer activity despite rising property prices.
The pace of income growth relative to price appreciation will be crucial for long-term affordability and market sustainability in Córdoba.
What are current rental yields in Córdoba and how have they changed recently?
Rental yields in Córdoba average 6.05% as of September 2025, with a typical range between 5.25% and 6.43%.
These yields are particularly attractive in central districts and tourist-oriented properties, where demand remains consistently strong. Nationally, Spanish rental yields average around 7.2% in Q2 2025, showing a modest decline from 7.5% in Q2 2024.
The slight decrease in yields reflects the fact that property prices are rising faster than rental rates. However, Córdoba's yields remain competitive compared to major Spanish cities, making it attractive for buy-to-let investors.
Properties in the historic center and near universities typically achieve higher yields due to strong rental demand from tourists and students. These locations benefit from consistent occupancy rates throughout the year.
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How many new housing units are being built in Córdoba over the next two years?
Over 100 new housing developments are currently underway in Córdoba as of September 2025.
Major projects include Neinor Homes' El Patriarca development, which will deliver at least 310 new units by 2027. Additional approvals are pending for further residential projects throughout the city and surrounding areas.
Construction activity has increased significantly, addressing some of the supply constraints particularly evident in central districts. However, the development pace still lags behind demand, supporting continued price pressure.
The new housing supply will help moderate price growth over time, but current construction volumes are insufficient to cause price declines. Most new developments target middle to upper-middle market segments.
These new units will primarily serve owner-occupiers and investors, contributing to market depth while maintaining the supply-demand balance that supports price stability.
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's the current unemployment situation in Córdoba and how does it affect the housing market?
Córdoba's unemployment rate is estimated to be in the 13-16% range as of September 2025, tracking slightly above the Spanish national average.
While specific provincial data for September 2025 is not yet published, Spain-wide unemployment has been gradually declining over recent years. This improvement supports housing demand as more residents gain stable employment and income.
The unemployment trend directly impacts housing demand, as employed residents are more likely to purchase homes or upgrade their living situations. The gradual improvement in employment conditions contributes to sustained buyer activity.
Córdoba's diverse economy, including agriculture, tourism, education, and services, provides some resilience against economic shocks. This economic diversity helps maintain housing demand even during challenging periods.
The employment recovery, while gradual, supports the overall positive outlook for Córdoba's property market through 2026.
How significantly do foreign buyers influence demand for Córdoba real estate?
Foreign buyers play an increasingly important role in Córdoba's property market, with growing demand from British, German, Dutch, Belgian, and French investors.
The end of Spain's Golden Visa program in April 2025 and proposed new taxes for non-EU buyers may modestly moderate international purchases. However, analysts expect resilient foreign demand overall, with non-residents remaining active market participants.
Foreign investment brings additional capital to the market, supporting price levels and providing alternatives for sellers. International buyers often target properties in historic areas and those suitable for vacation rentals.
The foreign buyer segment particularly values Córdoba's affordability compared to coastal Spanish cities, cultural attractions, and rental yield potential. This international interest helps maintain market liquidity and supports price stability.
Despite policy changes, foreign demand is expected to remain a significant factor in Córdoba's property market due to the city's inherent attractiveness and relative value proposition.
What government policies and taxes currently affect property prices in Córdoba?
| Policy/Tax | Details | Impact on Prices |
|---|---|---|
| Reduced Transfer Tax (ITP/AJD) | 3.5% in rural municipalities | Positive - encourages purchases |
| Tourist Flat VAT | Rising to 21% | Negative - affects short-term rental investors |
| REIT Taxation | Increased if not supporting affordable rentals | Neutral to negative - affects institutional investors |
| Non-Resident Property Tax | Proposed 100% tax (not yet approved) | Potentially negative - may deter foreign buyers |
| Golden Visa Program | Ended April 2025 | Negative - reduces foreign investment incentive |
What do professional forecasts predict for Córdoba housing prices over the next 12-24 months?
Major Spanish banks and real estate analysts predict continued price increases for Córdoba through 2026.
For 2025, forecasts range from 4% to 9% price growth, driven by falling mortgage rates and strong buyer demand. The combination of improving affordability and limited supply supports this optimistic outlook.
Price growth is expected to moderate in 2026 to approximately 5% as the market stabilizes and new housing supply gradually increases. Longer-term projections suggest annual appreciation of 3% to 5%, sustained by demographic pressure and ongoing supply constraints.
These forecasts reflect confidence in Córdoba's market fundamentals, including its affordability advantage, rental yield potential, and appeal to both domestic and international buyers. The predictions assume continued economic recovery and stable mortgage market conditions.
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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.
Based on current market indicators and professional forecasts, property prices in Córdoba are unlikely to decline in the near future.
The combination of falling mortgage rates, steady demand, limited supply, and positive economic trends supports continued price appreciation through 2026, making it an opportune time for both investors and residents to consider property purchases in this historic Spanish city.
Sources
- The LatinVestor - Córdoba Property Market
- Indomio - Córdoba Real Estate Market
- Spain Houses - Córdoba Property Prices
- Sunny Casas - Property Sales Timeline Spain
- Global Property Guide - Spain Price History
- CaixaBank Research - Real Estate Report 2025
- The Global Economy - Spain Mortgage Rates
- Best Yield Finder - Córdoba Rental Yields
- Neinor Homes - New Construction Córdoba
- Idealista - Spain Housing Price Forecasts 2026