After 5 years of decline it appears as though Spanish property prices might have bottomed out. When the credit crunch hit the Eurozone in 2007, 700,000 homes fell to the Spanish banks. Within the Murcia area in 2007 an average price for a property was EUR 147,000. This decreased annually to EUR 45,000 in 2012, meaning some properties were actually being sold at 70percent lower than their maximum prices as banks were pressured by the European Central Bank to rebalance their books and clear away under-performing property resources. But, it appears as if average prices in 2013 are going to go up to EUR 55,000, indicating that the market may have bottomed out.
During early 2013 in Costa Calida you can obtain a new 2 bedroom property with terrace, communal swimming pool, 10-year building warranty, and golf course and hillside vistas, with beaches and airport terminals within twenty minutes for as little as EUR 33,600. As these prices seem very likely to rise, now may be the ideal time to invest in a discounted Murcia property either for a change of lifestyle, or a rental opportunity.
Brand New transport links
A new International Airport will open this year to provide for the region. This is as well as San Javier Airport and it will offer easy accessibility to Murcia by air. There’s also a good road network between Madrid and the Med area, as well as a new high speed train line anticipated to open in 2014, that will connect Murcia with the Spanish capital.
There are plans to establish a Paramount Amusement Park in Murcia, that’s anticipated will draw in many more tourists to the region and produce a fiscal boost to the region. This in addition to the enhanced transport links suggest that purchasing a Murcia property may offer a really good investment in the future.
The Mediterranean climate, offering three hundred days of sunshine per year and mild to warm weather all year long, makes this area ideal for tourists and those searching for an easier lifestyle.
People decide to buy property in Murcia due to the renowned lifestyle and its beautiful climate. In addition to this the region boasts a rich cultural heritage along with high-end shopping and famous fine cuisine. Murcia is located south of Alicante and north of Almeria taking advantage of a great location, close to the Sierra Espuna National Park and the coast with its beautiful white sand beaches and customary fishing villages.
The Spanish have been purchasing Murcia Property for years due to its excellent location and lack of big hotels, which means the area offers something a little different and authentic. At these kinds of discount prices in a market looking placed to go up, now may be the a chance to invest in a new way of living or holiday getaway.