The Spanish real estate market has shown significant growth rates over the years for a number of reasons:
- Good climate and beautiful nature;
- Many comfortable sea coasts;
- Developed infrastructure;
- High quality of life at relatively low prices;
- Good medicine and education;
- Rich history and culture.
When choosing a location for future deployment, you should pay close attention to property for sale in Murcia. This region today is one of the most attractive for recreation and permanent residence. If the Spanish real estate market in the first quarter of 2024 showed a good result of 6.6% profitability, then in the province of Murcia the profitability was 7.4%. Moreover, this indicator is characterized by stability and constant growth over several years.
The province is located near the luxurious Costa Cálida and has a history dating back to ancient Rome. Therefore, today it is a paradise for lovers of antiquity. But the region is famous not only for its historical monuments. Well-maintained beaches, golf courses, many amenities, vibrant festivals and celebrations, delicious food and different property in Murcia make this area especially popular.
Murcia real estate market: stability and development
The state of the Murcia real estate market is characterized as favorable. There is a high market situation, which contributes to the activation of its participants.
According to experts in the region, during the high season there is a slight increase in demand over supply, which can lead to a certain increase in prices. Prices may also be affected by tightening construction standards, which will increase requirements for developers and, perhaps, somewhat slow down the pace of new housing construction.
Inflationary expectations may also have a certain impact on the state of the market of property for sale in Murcia. Today in this province the level of real estate prices is significantly lower than in other coastal regions. Thus, as of June 2024, the average price of 1 sq. m of real estate was €1,527 with a price range from €926 to €2,215. For comparison, in the resort town of Denia these figures are €2811 and €1880-3491 respectively.
Property rental prices are also quite attractive:
- Rent 1 sq. m – €8.46;
- Price range for rent 1 sq. m – €6.55 – 9.36.
The opportunity to rent housing at such prices attracts a large number of vacationers to the region who want to spend their holidays here. Therefore, the demand for property for sale in Murcia is growing due to the successful investment of funds in housing for subsequent rental or resale at a higher price and due to the expectation of rising prices - it is better to buy a property today than tomorrow.
The provincial center of Murcia is a very interesting investment destination. Recently, the resort has been developing rapidly. Its location on the sea coast near a fertile valley, rich history, haute cuisine, parks and museums, shops and restaurants - everything is aimed at satisfying the different needs of citizens.
The proximity of well-maintained beaches and golf courses add to the attractiveness of the city. A new sports and fitness complex Altoona Sports & Wellness Resort has been built here, which is at the level of the world's best resorts.
Property in Murcia comes in a variety of types, with the most popular being small studio apartments and one-bedroom apartments. Such housing is purchased at a low price by single people or young couples without children who like to spend most of their time outside the home.
Families with children prefer to buy more spacious apartments with several bedrooms and bathrooms in new residential complexes. There are many advantages here due to the presence of a large number of amenities both in the apartments themselves and in the complex for common use. By paying a small fee, you can constantly use the communal swimming pool, gym, sports fields, and relax in the garden on the territory.
A type of housing that combines a reasonable price and a certain isolation - townhouses. Today this is the most popular real estate not only in Murcia, but also in other regions of Spain. The construction of townhouses is carried out at a high pace in order to meet the ever-increasing demand on time.
Those who choose peace and privacy and have a sufficient amount of money choose bungalows, chalets and villas. There is a wide scope for choice here as these types of properties must meet the high demands of buyers in terms of individuality.
According to expert observations, the state of the real estate market in Murcia can be described as dynamically and steadily developing. Therefore, purchasing property for sale in Murcia is an excellent solution today.
