Back 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.”
The Mercers trend is replicating the Murcia market. Data from the National Institute of Statistics (INE) demonstrate sales of Murcian real estate were up 24.1% in February 2013 over the same month the previous year, with 1,169 transactions completed. This is higher than the national figure of 17.3%. Foreigners are definitely partially a major contributor to keeping the Spanish property market alive.
Chris proceeds, “Prices are currently extremely low and, in our area, we’re looking at discounts of 40% to 55% from the peak. This is turning the heads of global buyers. According to the Banco de Espa?a, 2012 showed the biggest degree of investment in Spanish property by overseas buyers in 8 years, up 17% on 2011. This is excellent news as demand continues to be weak on the domestic front as Spain deals with high unemployment and an ongoing reluctance to lend by finance institutions. For Mercers, Belgian, French, Norwegian, Swedish and more recently British purchasers have dominated over the last year – with some renewed interest from Germans and Dutch. Without them, Spain’s property market would have been in a far sadder situation.”
The overall impression from Spain is perhaps a lot more cheery than it has been for a few years. The bad bank (SAREB) shares it intends to sell very nearly 42,500 housing units, around 50 percent of its collection, over the upcoming 5 years in an effort to help make a “floor” and restart a wide recovery in the Spanish property market. At the same time the Economy Minister, Luis de Guindos, was recently quoted as proclaiming that growth may well return to the country as early as the end of 2013.
Available for purchase
Ref NED99 – Neptuno Villa, Camposol Golf, Mazarron, Murcia
Among the finest three bedroom 3 bathroom Neptuno style villas on Camposol Golf – immaculately maintained, on a large 647m? plot and with a whole host of extras.
At ground floor you will find a lounge with fire place, dining room, kitchen fully fitted with white goods, master bedroom with en-suite bathroom and a second bedroom with additional shower room. Accessed via internal stairs, the 3rd bedroom is on the first floor and possesses an en-suite bathroom and French doors to a rooftop solarium with beautiful mountain scenery.
Outside the plot is split into a pool area and a garden area. The former is totally tiled, has lots of sunlounger space and the 9m by 4m pool has an outdoor shower alongside. The garden is low maintenance with fully developed trees set in gravel on an automatic irrigation system. A conservatory at the front of the house is ideal for soaking up abundant winter sun whilst a considerable underbuild may be used for storage. There is a barbecue area outside, plus front and back access and a tiled driveway.
The accommodation comes fully furnished, has air conditioning, a solar-powered hot water heating system, security grills at all windows, internet access and satellite TV.
Camposol Golf has an 18-hole course, 4 star Spa hotel and lots of shops, restaurants and bars on site which includes an opticians, veterinarians, healthcare centre, hairdressers and a weekly market. The blue flag beaches and marina of Mazarron are inside a 15 minute drive.
Three Bedrooms, Three Bathrooms
Price – 185,000 euros (approx 159,400 GBP)