Let’s continue our trip to Spain with a visit to Cadiz, a city steeped in history, enjoying an exceptional climate and still offers excellent real estate opportunities.
Cadiz is located on a peninsula on the Atlantic seaboard of Andalusia, but less than 50 km from the Mediterranean Sea, which allows the city to benefit from the Mediterranean climate. It is the fourth most sunny city in Spain, with more than 3,000 hours of sunshine each year. The city has 120,000 inhabitants, and the agglomeration about 300,000. Seville International Airport is 130 kilometers away.
CADIZ 3000 YEARS OF HISTORY
The “Tacita de Plata”, the nickname of Cadiz is considered one of the oldest cities in Western Europe. It is founded in 1104 BC by the Phoenicians, a seafaring people who will make Gadir (fortress in Phoenician) an important commercial colony where will settle Carthaginians, Romans, Visigoths and Moors.
Cosmopolitan and an open city, Christopher Columbus chooses the port of Cadiz as a starting point for his second trip to the New World. The city will become the port of India, concentrating all the merchant flow with America. This frenzied commercial activity resulted in a stage of economic and cultural splendor, seeing Baroque palaces erected with their characteristic towers.
THE ADVANTAGES OF CADIZ
Cadiz has many tourist attractions: its climate first, its beaches that stretch for kilometers, its traditional festivals (Holy Week, Carnival), its historical architecture (Phoenician archaeological site, Roman theater, palaces and castles, historical center, cathedral and churches), its gastronomy (seafood in particular), its natural sites (including the famous Bay of Cadiz) and the warm welcome of its inhabitants.
THE SOFT PRICES OF CADIZ
With real estate prices still very low, both in primary residence (for retirement), secondary residence or rental investment, Cadiz offers an excellent opportunity.
Real estate investment for tourism purposes increased by 25% in 2016 compared to 2015. And over the first 10 months of 2017, it reached 40%! They are essentially small investors and one in five is foreign.
The privileged areas for real estate acquisitions are the Paseo Maritima and the historic center of Cadiz (Plaza Mina, Plaza San Francisco, Mentidero, Falla and Candelaria).
The average selling price is 2000 € / m2, with little variation depending on the neighborhood, but with an upward trend when you go to the south of the city.
Our real estate advisors are at your disposal in Cadiz and its region.
With more than 20 years of experience in real estate acquisition procedures in Spain, we are at your disposal to assist you with all the necessary steps from the search for a property to services offered after the acquisition. When you are buying a home in Spain we help with organizing the visits of properties, the legal verification of the properties, the obtaining of a mortgage, the administrative procedures and the signature of the different notarized documents.
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