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Why invest in Seville

Seville is the third most populated city in Spain, the capital of the largest autonomous community (Andalusia) and one of the most popular urban tourist destinations for both national and international visitors. Such a statement should suffice to persuade anyone to take advantage of living in the city of the Guadalquivir. However, property investors can benefit from many other advantages when choosing Seville as a market to invest in. From business opportunities to the quality of life passing through the social environment, the Andalusian capital is a true treasure for investment.

An idyllic destination for tourists
Seville completed 2017 with new record figures in tourism. The city received more than two and a half million visitors, half of whom were of foreign origin. In addition, those who specialise in the economic sectors and are most connected to this activity highlight that Seville is promoting a tourism project based increasingly on quality. In other words, the city is increasingly attracting visitors who are looking for more exclusive options and whose average outlay per day in Seville tends to rise. Tourism already accounts for almost 20 per cent of the total wealth generated in the city.

As it could not be otherwise, the boom in the tourism industry has gone hand in hand with a growing interest in renting properties for temporary accommodation. This demand is particularly intense in the case of visitors with greater purchasing power, who seek unique properties in the most central districts of the Andalusian capital. It is worth pointing out that another important group of travellers prefer to stay in luxury properties on the outskirts of the city. This means investors must properly assess this trend when choosing the best assets to invest in.

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Economic dynamism
Together with the tourism industry, although not exclusively, Seville has experienced more than four years of economic expansion. Thus, the unemployment figure has fallen by almost 20,000 since 2012, which has contributed to improving the quality of life in the city. In contrast, the Sevillian export industry, which accounts for the entire province, reached the unprecedented turnover of 4,400 million euros last year, which was an impressive rebound of 20 per cent over the previous year. Although agricultural products are still of utmost importance, the list of exports has diversified considerably.

Life in Seville
Apart from the great economic data, Seville is a monumental and sleepless city that instantly captivates its visitors. As far as its great attractions and points of interest are concerned, the city stands out for its symbolic Torre del Oro, a privilegedly located site opposite Guadalquivir River. The other well known sites are the Cathedral of Seville and the iconic Giralda and its Mudejar bell-tower. The Real Alcázar is not far behind in terms of architectural uniqueness as well as the elegant Archivo General de Indias. As for the most crowded urban spaces, Plaza de España and the neighbourhood of Santa Cruz as a whole will seduce anyone.

The other great attraction of the city lies in its cuisine. Seville is a central location for a long and varied gastronomic tradition, in which almost all the cultures that have passed through Spain intersect. The Andalusian gazpacho (a cold vegetable soup) can be sampled in Seville in many different ways and with the freshest ingredients from the garden. The same can be said about oxtail, perhaps the most deeply rooted meat dish in the city. As for seafood, there is certainly no shortage of the classic fried fish in most restaurants and tapas bars.

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Seville is the perfect place for the family
Logically, investing in Seville is not limited to just tourism or leisure in general. There is also a series of advantages and incentives for families. This is the case in education, with a wide range of academic centres for all levels and with numerous curricular projects to choose from. Seville is one of those Spanish cities with more schools and institutions, including public, or private ones. Many of these educational centres offer curricula entirely in the English language. In addition, the crime rates in this city have fallen significantly in the last decade.

Colourful and vibrant social life

The Sevillian lifestyle is not just fascinating for its variety of leisure options, the climate, or even its cuisine. Much of the colourful Sevillian social environment lies in the hands of the inhabitants of the city. The feeling of mutual support, friendship, and joy that are breathed in most neighbourhoods of Seville never cease to amaze its visitors. The vibrant social life certainly helps improve the quality of its residents' life.

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Engel & Völkers
Licence Partner Spain
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