Real estate investment is deeply heterogeneous because wherever there is a good buying opportunity there will be investors interested in taking advantage of that possibility. Therefore, at Engel & Völkers we are expanding our scope of work towards areas that ooze investment potential in this market. We are mainly focusing on the north of Spain, namely Castilla-León as our preferred choice. This is because the area is emerging in terms of exceptional economic conditions, location, and living standards. It is a region of marked transcendence in Spanish history and home to heritage treasures and real estate opportunities that are worth exploring in detail.
We will first talk about the most extensive autonomous community in the entire country. Castilla-León is an area with more than 94,000 km2 that correspond to 18.6 per cent of the whole national territory. The succession of lands is characterised by a vast variety of landscapes, climates, rich soils and other geographical constraints. Thus, in Castilla-León we can find the flatest areas compared to Duero valley or Salamanca to the more mountainous areas of León or Burgos. This diversity of spaces opens the door to a multitude of tourist experiences related to the natural environment, such as the Sierra de Urbión or the Arribes del Duero Natural Park.
A strong economy
The largest Spanish autonomous community is not understandable without its fascinating history and the immense heritage that it has left in its cities. Leon and Burgos, for example, are home to two of the most important Gothic cathedrals in Spain, while the Old Cathedral of Salamanca is one of the jewels par excellence from the northern Romanesque Castilian. Valladolid, meanwhile, adds a long series of historic buildings to our property catalogue, such as the Royal Palace (Palacio Real) and the old university. Apart from these historic treasures, it is worth mentioning the other truly monumental cities such as Tordesillas, Ciudad Rodrigo and Astorga. A must-see when it comes to historical patrimony in not just Castilla-Leon but in all of Spain, is the Sima de los Huesos site, in Atapuerca mountain range (Burgos).