Murcia: The best place to invest in Spanish property
Potential property buyers thinking of investing in Spanish property should look no further than the popular province of Murcia in south-eastern Spain according to experts at TheMoveChannel.com.
Data from the market leading independent international property portal reveals that Murcia is one of the most searched for locations for Spanish property with La Manga, Caragena and Mar Menor the destinations in greatest demand.
Dan Johnson, Director of TheMoveChannel.com, comments,
“Spain remains the number one country in terms of enquiry volume to the site (August 2011) but we have seen a rise in searches for property in Murcia province and the Costa Calida in particular. When compared to other well-known coastal destinations such as the Costa Blanca or Costa del Sol, the Costa Calida represents good value for money with ample distressed and bank repossessed stock available to purchase at heavily discounted rates.”
According to the latest Spanish House Price Index from Kyero.com (July 2011), the average asking price for property in Murcia stands at €163,000, some 62% below the national average of €263,000. Prices have steadily fallen over the last 22 months from a high of €185,000 at the end of 2009, as Dan Johnson explains,
“The Costa Calida was one area of Spain where the oversupply of property had a somewhat negative effect on the market in the boom however now there are superb opportunities for investors to purchase repossessed property and distressed developments direct from the bank at bargain prices. This coupled with future growth in tourism to the region and the 50% reduction in IVA (equivalent of English VAT) until the end of the year makes this the ideal time to buy in Murcia.”
And there are plenty of reasons that today’s buyers of property in Murcia can be optimistic about the future with tourism to the region set to receive a welcomed boost from the approved Paramount Theme Park due to open in 2015.
Located just 15 minutes from the beach and resort of Puerto de Mazarron, the 158 hectare leisure site with different movie-inspired theme zones, five star hotels, shopping malls, restaurants, bars and clubs and 3,000 capacity conference centre is expected to attract over 4 million each year.
In addition, it will now be even easier for visitors to reach Murcia due to the upgrade of Corvera international airport opening in 2012 and expected to attract 3 million passengers from neighbouring San Javier and El Altet airports.
So if you are thinking of investing in Spain then visit http://spain.themovechannel.com/to view the widest selection of homes in Murcia.
Notes to Editors
Founded in 1999, TheMoveChannel.com is the leading independent website for international property with more than 400,000 listings in over 100 countries in the world, marketed on behalf of agents, developers and private owners.
The website address is http://www.TheMoveChannel.com and the office address is 45 Lafone Street,, Shad Thames, London, SE1 2LX.
Contact Dan Johnson on 0207 952 4625 for futher information.