Seville, or Sevilla in Spanish, stands as the vibrant heart of Andalusia, boasting a rich tapestry of history.
Home to approximately 700,000 residents, with a wider metropolitan population reaching 1.5 million, it’s a hub of cultural and historical significance.
From its origins with the Tartessians to the Romans, Visigoths, and Muslims, Seville’s diverse past culminates in its breathtaking architecture, including the world’s largest Gothic cathedral.
A visit to Seville is an encounter with living history, leaving every visitor in awe of its timeless beauty.
Housing prices in Seville, Spain
Seville’s real estate market is currently a hotbed of opportunity, with prices still 27% below their 2008 peak (!) yet showing a steady recovery with a 5% annual growth since 2015. This trend strongly indicates continuing price increases in the coming years.
Key points:
- 2700 euros per square meter at the peak level in 2003
- 1500 euros per square meter at the lowest level in 2016 (-45%)
- 2000 euros per square meter in 2023 (+25% since lowest, but still -23% compared to peak) and continued +5% growth year over year
Seville housing cycles
House price increase : 2017-2023
The most visual way to understand housing prices in Seville from 2000 to 2023 is to look at the yearly property prices evolution.
Three periods can be clearly identified on the graph below:
- 2002 to 2006 : +20% per year, the creation of the housing property bubble
- 2009 to 2016 : -5% per year, the prolonged crisis
- 2017 to 2023 +5% per year, the era of progressive recuperation
Clearly, Seville still presents a wonderful opportunity as it stands -27% below its peak attained in 2008.
The crisis of 2009-2016 (-45%) acts as an opportunity creator.
Today, prices are what they were in… 2005. This definitely creates a window for opportunity, as there is still room for growth.
Best neighborhoods to buy real estate in Seville
Cheapest neighborhoods
The cheapest neighborhoods to buy in Sevilla are :
- Cerro-Amate (East) : 1000 euros per square meter
- Norte (North) : 1200 euros per square meter
- Este – Alcosa – Torreblanca (East) : 1400 euros per square meter
- Macarena (North) : 1500 euros per square meter
Out of these four neighborhoods, the most promising is Macarena because it is the neighborhood where prices are growing the fastest (see next paragraph).
Neighborhoods where prices are growing the fastest
The neighborhoods where prices grow the fastest in 2023 :
- Macarena +13.1%
- Cerro Amate +9.6%
- San Pablo +8.4%
Compared to the city’s average of +5.9% year over year growth, Macarena is clearly leading the way.
Property finder and buyer’s agent in Seville
If you are looking to buy real estate in Seville, we have created a dedicated service able to assist buyers in three languages:
- English
- Spanish
- French
Besides the services of property finder, also know as buyer’s agent, our capacity includes:
- Renovation
- Furbishment
- Rental management : for long-term rentals but also short-term rentals (airbnb)
Don’t hesitate to get in touch with our team using the button below.