Spain is another country where there are bargain prices that are likely to stay affordable during 2012. In parts of Spain you can get a new villa for €50,000. There seems little doubt that for those with the many Spain looks like a good buy in 2012. One area that a lot of people are talking about it Murcia where the new ParamountTheme Park is due to start construction in 2012.
For the 1st 6 months of 2013 Mercers have achieved a 70% increase in the number of properties sold, in with 60% going to Brits and the rest to French, Belgium, Dutch, Swedish and German buyers.
January 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
Experienced agent in Murcia says sales rose 60% in 2013, and construction of a long-promised theme park brings big hopes for future
Once the Hamiltons purchased their unique holiday home in Camposol Golf on the Costa Cálida six years ago, they had no aspirations for gathering a property portfolio. Nonetheless, combining Barry’s impending retirement and reports of a Paramount-branded Theme Park inspired them to benefit from the current buyers’ market and acquire one additional property in Camposol Golf.
Having started out in and around Spain’s Alicante back in 1983, Chris Mercer, Founder of estate agent Mercers, this autumn celebrates 30 years in the Spanish property industry – selling over a thousand homes in the process. Chris Mercer believes that he has sold a couple of thousand homes in the area over the past 20 years Murcia, Spain (PRWEB UK) 17 September 2013
JANE 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.
The foundation stone laying ceremony for the new Paramount Theme Park in Murcia, Spain, heralds the start of a construction process that is expected to result in a boost for real state in the area. Attended by project officials, local authorities and dignitaries, the formality kick started the countdown to the Park’s official opening in 2015. ‘The cynics have been out in force on this project highlighting the global recession and Spanish housing market problems as reasons why the Theme Park would never happen, but so far they’ve been proved wrong,’ said Chris Mercer, director of real estate agent Mercers which is at Camposol, ten minutes from the Paramount site.
Nestled amongst a bevy of exotic Latin American locations, there was a surprise entry into the World’s Best Real Estate Markets 2012 – Murcia in Spain. Created by the boffs at International Living, the index takes into account value for money, appreciation potential, income potential, costs and ease of buying and believes Murcia has got what it takes to make you money in 2012._Chris Mercer, Director of Mercers, a real estate agency based in Mazarron at the heart of Murcia, comments, “Finding ourselves amongst a who’s who of emerging nations, the likes of Brazil, Mexico and Uruguay, is flattering but not altogether unsurprising.
Average property prices are still falling in Spain but in the Costas which are popular with overseas buyers they are seeing less of a decline than other areas. The latest figures from Tinsa, one of Spain’s leading appraisal companies, show that prices fell the most in regional capitals where they are down 8.1% in the 12 months to the end of October, followed by a drop of 7.5% in metropolitan areas.
For the European second home investor Spain has long been the destination of choice. Over recent years the proposition has got even more attractive as house prices across Spain have steadily fallen. Property is now the cheapest it has been for a decade and every major international property portal is reporting a marked rise in ‘searches’ for Spanish real estate. Here Chris Mercer gives his personal view of the current market in the region where he is based and explains why there’s no better time to buy.
At Mercers, head quartered in Mazarron on the Costa Cálida, we have seen a small but steady increase in sales over the past 18 months. Prices do seem to have finally bottomed out as people either cannot or will not go any lower. Yet there is no strong indication that they’re going to rise either. Until demand picks up in a stronger manner, there is no reason for values to increase unless there is a significant external factor applying upward pressure.