Last updated on June 21st, 2023
airbnb property for sale Cordoba City Center
The charming city of Cordoba is located at the foot of the Sierra Morena in the Andalusian Community. Home to remarkable Moorish architecture such as the renowned Mezquita-Cathedral and the Alcazar, Cordoba stands out as a catching touristic city in Spain.
Great news to property investors who want to cater to tourists’ accommodations is that Cordoba welcomes around 1.1M tourist arrivals annually according to Europa Press.
Do you want to buy an investment property in Spain, particularly in Cordoba? Then, to begin with, it’s certainly important to consider the major costs and revenue before deciding to purchase a property in Cordoba City Centre. Another excellent option is to do rental arbitrage in Cordoba as it is popular and does not require you to purchase a property.
Based on Idealista’s 2022 Housing Profitability in Spain, Cordoba city offers a rental yield of 6.3% and its home values had an evolution of 2.8% compared to last year. Considering this info, Cordoba’s market can bring many benefits to investors that are looking to invest in a property here.
Source: Idealista
Aside from looking at a property’s fascinating architectural design, proximity to major tourist areas, and accessibility to the best go-to places, the primary step is to determine profitability. In this article, we’ll discuss the metrics in order to gauge the best property investment in Cordoba.
This includes the best website recommendations for property investment, defining property gross rental yield, cash-on-cash return, and annual revenue, along with some of the most ideal and profitable properties according to their location. Stoked to learn more? Continue reading!
Is Property Investment Profitable in Cordoba City Center?
Using an Airbnb profit calculator, it was discovered that a 3-bedroom apartment in Cordoba City Center can generate an annual revenue of €27,207 with a steady occupancy rate of 53% and a nightly rate of €136.
airbnb property for sale Cordoba City Center
Profitable apartments and houses for sale in Cordoba, Spain
Finding the best properties that have the potential to produce high yields and capital growth are certainly some of the preferences of major investors. It’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage.
At the same time, it’s even better when a property investor like you conducts research about predicted growths and market forecasts. You can find cheap apartments for sale in Cordoba’s profitable neighbourhoods such as Ciudad Jardín, Norte-Sierra or Poniente Sur. Here are some of the profitable properties in Cordoba City Center along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
1. Studio-type: City Center Property for Sale in Cordoba
Near Palacio Municipal de Deportes Vista Alegre
Asking Price: €79,500
| GROSS RENTAL YIELD | 27.85% |
| ANNUAL REVENUE | €22,144 |
| CASH ON CASH RETURN | 57.79% |
2. 1-Bedroom: Beachfront Property for Sale in Cordoba
Near Cordoba Airport
Asking Price: €114,500
| GROSS RENTAL YIELD | 25.01% |
| ANNUAL REVENUE | €28.636 |
| CASH ON CASH RETURN | 49.26% |
Casco Histórico – Ollerías – Marrubial, Córdoba
3. 2-Bedroom: Beachfront Property for Sale in Cordoba
Near Virgen del Carmen High School
Asking Price: €115,000
| GROSS RENTAL YIELD | 33.76% |
| ANNUAL REVENUE | €38,821 |
| CASH ON CASH RETURN | 75.50% |
Calle Caravaca de la Cruz, 9, Levante, Córdoba
4. 3-Bedroom: Beachfront Property for Sale in Cordoba
Near Levante Sur Health center
Asking Price: €118,000
| GROSS RENTAL YIELD | 25.01% |
| ANNUAL REVENUE | €49,830 |
| CASH ON CASH RETURN | 100.92% |
Centro – Casco Histórico, Córdoba
5. 4-Bedroom: Beachfront Property for Sale in Cordoba
Near Tendillas Square
Asking Price: €240,000
| GROSS RENTAL YIELD | 30.58% |
| ANNUAL REVENUE | €73,391 |
| CASH ON CASH RETURN | 65.97% |
Conclusion
Since Airbnb is rapidly increasing and constantly changing for each city in the world, it is crucial to make decisions based on wild guesses. The data points mentioned in this article for Cordoba such as Airbnb occupancy rates, annual revenue, and average daily rate should be the primary basis before investing in a property.
Hence, if the data presented above has given you ideas to boost your strategic pricing plan for your business, then an Airbnb rental arbitrage calculator is certainly what you need for success in the long run. It’s a fact that some of the STR investors are also considering Airbnb Rental Arbitrage, but they still need to have a reliable data tool on which to base their conclusions!
As we live in a digital era, an accurate data analytics tool can help your business stand out among your surrounding competitors and benchmark your property by tracking the occupancy rates of competing listings in your preferred city.
