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why invest in property in Murcia?
Biggest up and coming hotspot in Spain? Murcia is being tipped more and more often by those in-the-know insiders who profit most from Spanish property investments. There are many attractions, not least its relative affordability. Using the price per square metre approach which is popular in Europe but less so here, you can buy property in Murcia for an average of about 600 euros per square metre. That compares favourably with the latest stats coming out of nine Spanish cities where the average price per square metre is more than 6,000 euros. The nine cities are Sevilla, Oviedo, Zaragoza, Madrid, Barcelona, San Sebastian, Bilbao, Marbella and Santander. Of course, we need a trigger and that is the Corvera International Airport which will be operational from 2009. 1.5 million passengers are expected in its first year, with this number rising within about three years.
There are a lot of news reports in the British press based on a report from Analistas Financieros Internacionales, the Madrid consultancy. The bottom line is that some 170,000 homes will be bought in Spain this year by immigrants and this represents about 25 per cent of the total demand for property. There are lots of stats spinning off this but, the main message that comes over loud and clear is that this alone will keep the Spanish property market afloat in the short- and medium-term.
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Biggest Property Investment Hotspot in Spain......{ Read More}
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