Category Archives: Murcia

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New Costa Calida video launched!

We are really proud of our new Costa Calida / Mazarron / Camposol video.

It has taken us many months to film and edit. The film shows the various fishing villages in the Bay of Mazarron, including La Azohia, Isla Plana, Puerto do Mazarron and Bolnuevo.

We also have interviews with residents of Camposol.

The link to the film is on the bottom of our home page and simply click on the big red button.

Strong Pound = Cheaper Spanish Properties

Mercers are featured in this article taken from Yahoo Finance.

 

Due to a strengthening Pound Sterling, the average property price in Murcia, Spain is now something like 60% cheaper than in 2008.

 

This is due to the property values having fallen by 50% and a 10% weakening of the Euro. All of this add’s up to a buyers paradise in Spain and in Murcia where there are some excellent bargains to be snapped up.

 

The following article explains more:

https://uk.finance.yahoo.com/news/is-now-the-time-to-buy-a-property-in-europe—140647525.html

 

Murcia’s tourism dreams move a step further

They said it would never happen (and it still might not) but the opening of Corvera Airport is imminent and a major cash boost has been promised for the Paramount theme park in Murcia, South-East Spain.

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The long-running linked sagas of Corvera Airport and Paramount theme park in Murcia, Spain, have moved further slow steps towards reaching a happy resolution. Earlier this week Alberto Garre, President of the Region of Murcia said the arrival of the high-speed AVE train and opening of Corvera International Airport “in 2015, if possible, would become reality”. With the theme park meanwhile, the announcement of a €16million EU subsidy had the online forums buzzing. This was later clarified to say it would be paid following construction of the development scheduled to cost the developer, Premursa, in excess of €200 million.  The European Commission said in a statement that the area was “entitled to receive regional development loans,” and “We have arrived at the conclusion that the positive contribution of the measure to favour local development would outweigh the competitive situation created by the private company being given state aid.”

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Chris Mercer, Director of local estate agent Mercers Ltd, said: “Since Murcia was chosen as the location for the Paramount Park back in 2010, the path to realisation has been chequered. Following a symbolic stone-laying ceremony in 2012, and recent small-scale work on access roads and land clearance, the site has been relatively quiet. The focus has been on planning permission, environmental assessment and, most important, attracting foreign investment. Opening dates have been gradually pushed back from 2015 to 2017. Naysayers have had their doubts but a €200-million-plus project in a country emerging from recession was never going to have it easy. At least now the signs are the most positive we have seen for a long time.”  Premursa has also prepared some with impressive websites and promotional videos.

5 Reasons to buy Murcia Property

spanish_property_1MHLow prices

 

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.

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Spanish recovery? Business already booming, says agent

pic21January 22, 2014 in Europe, Featured News, Government and regulatory, Lifestyle & Leisure Properties, Market Trends, New Developments, News, News By Region, News By Topic, Politics, World News Leave a comment

 

 

 

pic22Experienced agent in Murcia says sales rose 60% in 2013, and construction of a long-promised theme park brings big hopes for future

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Theme park set to boost property market in Murcia, Spain

pic20Estate agents in Murcia, Spain, are preparing for a busy time ahead after it was confirmed that the opening of the much awaited Paramount Theme Park in the region is set for the second half of 2015. Premursa, the promoter behind the park and lifestyle centre, announced that it has awarded construction contracts to the value of €72 million so that work can start on the first phase of construction.

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The truth about buying in Spain

pic13JANE SLADE assesses the property market in Spain and discovers it is not all doom and gloom but you do have to watch where you buy The Hondon valley, a hilly, rural enclave of villages and farms 40 miles inland from Alicante has been a peaceful idyll for many Brits who came seeking a place in sunny Spain away from the searing heat and concreted Costas. But since the recession many hit by the poor Euro exchange rate have been forced to sell their villas at rock bottom prices or hand the keys back to the bank.

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Murcia Property

murcia_propertyBack in January, Murcia-based estate agent Mercers boldly declared a estimated twenty five per cent boost in house sales for 2013 over 2012. With quarter 1 indicating just that, up twenty five per cent for the first 3 months of 2013 when compared with 2012, the prediction is on track to becoming reality.

 

Chris Mercer, Director of Mercers, says, “I can’t pinpoint exactly why our sales are up so much, but impetus is certainly beginning to build. It can’t be caused by an end-of-year dash before VAT on new builds went up from 4% to 10% on 1 January, as all of our sales have been resales. Additionally, enquiries haven’t increased at the same level but those we have tend to be serious, have the funds on hand and are intelligent enough to understand that the window of opportunity on a serious Spanish property discount isn’t going to be open forever. Lastly, compare Q1 2013 with Q1 2011, and Mercers’ business is up close to 65%, quite some margin. Needless to say we’re revelling in the positivity.”

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