Fuente de la Salud consolidates its position as the real estate focal point of the city of Cordoba
18 Jun 2024
- With more than 1,000 homes under development, the neighbourhood accounts for more than half of all new developments in Cordoba.
- 2-bedroom properties are available from 203.740€, 3-bedroom properties from 256.790€ and 4-bedroom properties average 328.036€.
Fuente de la Salud, Cordoba's new neighbourhood, is witnessing major real estate growth. Currently, this area is set to become the epicentre of investment and growth in Cordoba, with more than 1,090 homes under development. This is the main conclusion of the analysis of the new-build housing market in Cordoba carried out by Activum Real Estate, a leading real estate consultancy, which reveals a supply of around 2,000 new homes under development in the city.
Fuente de la Salud: an expanding neighbourhood
Fuente de la Salud has established itself as a high-growth area, attracting numerous national developers who have seen the potential of this area. With a total of more than 1,090 homes under development, Fuente de la Salud accounts for more than half of all new housing in Cordoba.
Neinor Homes leads the ranking of developers with 26% of the total housing stock, leading the market with two large projects: Patriarca Homesan impressive development of 140 dwellings and, Gran Capitán Homesa community of 137 homes with a modern design. Following closely and ready for immediate delivery, Kronos Homes is positioned with 19% of the total number of dwellings, distributed in Tribeka IIwhich has 130 dwellings, and Flowwith 78 dwellings.
Efico Homes covers 13% of the total number of dwellings with its unique project. Onsen Residentialwhich offers 138 homes with a communal swimming pool and outstanding terraces. Impact Homes enter Residencial El Miradora development with 101 homes with panoramic views, representing 9% of the total housing stock in the area.
Grupo Insur and Vía Célere also have a significant presence in Fuente de la Salud, with 9% and 8% respectively. Insu Groupr is developing Terrazas de Santa Rosa IIwith 99 dwellings, while Via Célere offers its project Célere Mirabueno phase I and Célere Mirabueno phase II, with 46 and 44 homes respectively.
Inmoclever contributes 7% of the total housing stock in the neighbourhood with its project. Shining Strutwhich includes 79 dwellings. Panarento offers two developments in Noreña: La Finca de los Jardineswith 70 dwellings, and La Finca de los Jardines IVwith 30 additional dwellings, amounting to 5% of the total.
It is evident that the remarkable growth in Fuente de la Salud reflects the confidence of developers in this area, anticipating a growing demand due to its strategic location and the modern infrastructures developed. With a varied offer of homes adapted to different needs and budgets, Fuente de la Salud is positioned as one of the most attractive places to live in Cordoba.
Average Prices in Fuente de la Salud According to Typology
The average price of homes in Fuente de la Salud varies depending on the type of property:
- For one-bedroom dwellings: 163.350 €.
- For two-bedroom dwellings: 203.740 €.
- For three-bedroom dwellings: 256.790 €.
- For four-bedroom dwellings: 328.036 €.
This range of prices offers options for different needs and budgets, reflecting the diversity and accessibility of the property market in this emerging area of Cordoba.
Buyer Profile
The profile of the buyer in Fuente de la Salud shows clear and defined trends, as well as the diversity of demands and needs that the Fuente de la Salud real estate market is prepared to satisfy. 70% of buyers opt for three-bedroom homes, followed by 20% who prefer two-bedroom homes, and 10% who are looking for four-bedroom homes.
In terms of purpose, the 90% of buyers purchase homes as their primary residence, while the remaining 10% purchase homes for investment purposes.. The average surface area of The purchased property is 85m2.
The majority of buyers come from the city of Cordoba. Where a 40% is between 45 and 54 years old.30% are between 35 and 44 years old, 20% are between 55 and 64 years old, 8% are under 34 years old, and only 2% are over 65 years old.
Regarding marital status, 65% of buyers are married couples with children, followed by 20% of young couples.. Singles, senior couples and investors each account for 5% of the total.
Source: Activum.es as of 06/2024. Different portals in the real estate sector have been studied to compile this table.
