The city of Cordoba is one of the most important tourist destinations in Spain, with its Mosque-Cathedral as one of the most visited monuments in our country. However, Andalusia's third largest population offers much more than an enviable catalogue of visits and activities. Engel & Völkers manages an enormous amount of properties in Cordoba that investors can take advantage of to benefit from the positive conjuncture of the city in multiple areas. The following would be some of the great incentives to invest in Cordoba.
Firstly, it should be noted that the city follows the wake of the rest of Spain and is pointing with increasing intensity towards economic recovery after the great recession. Thus, the latest data on unemployment figures place this variable at levels not seen since 2010, constituting one of the main symptoms of the growth of the local economy. Without a doubt, tourism is one of the main causes of this positive trend, after two years of record number of visitors. After the exceptional Easter campaign, the 2017 strategy could re-mark a new historical record.
Photo: © shaorang
Of course, tourism is not the only pillar of the economy for Cordoba. The prestigious U-Ranking, the classification of the best Spanish universities jointly developed by the BBVA Foundation and the Valencian Institute of Economic Research, recognises the great work of the University of Cordoba. It is the first academic centre of higher education in Andalusia and the sixth in Spain, highlighting a sample of 61 public and private universities. Undoubtedly, education is the greatest guarantee for the future.
With regard to the real estate market, Cordoba stands out as one of the provincial capitals in which greater profitability can be obtained in the so-called 'retail' investment. The average return on investment in offices and other similar properties has reached 7.1%, which is the best data in Andalusia and the third highest in the country. If we compare the figures with those of the main urban markets, we can see that Cordoba clearly stands out ahead of Madrid (6.2%) and Barcelona (6.4%). The return on investment in property is also quite meritorious, standing at 5.7%.
In short, everything plays in favour of Cordoba to find interesting business opportunities. The E & V catalogue has been enriched with unique properties in the ancient Caliphate city, whose charm is beyond consideration. Thus, both the buyer looking for a temporary or permanent residence or the investor who wants to obtain a good profitability can benefit from an immense cultural and gastronomic offer. By the way, the city hosts periodic festivals and events to publicise its benefits. This is the best way to persuade anyone.