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Date Published: 15/12/2021

ARCHIVED - On the up and up in Murcia: house prices, mortgages conceded and demand for new homes

ARCHIVED ARTICLE

The price of property increased by 4.4% since last year, though Murcia is still one of the cheapest places to buy a house in Spain

<span style='color:#780948'>ARCHIVED</span> - On the up and up in Murcia: house prices, mortgages conceded and demand for new homes

The price of housing in the Region of Murcia continues its upward trend, helping to drive the recovery of the real estate sector. Property prices increased by 4.4% year-on-year in the second quarter of 2021, making Murcia the community with the fifth highest rise. At the same time, Murcia continues to be one of the most affordable regions to buy a home in Spain.

In the quarterly variation, the Region experienced a growth in the value of its housing of 2.5%, very similar to the Spanish average of 2.4%, according to data provided by the National Institute of Statistics (INE).

The rise in the price of new builds in the Region of Murcia particularly stands out, as this market sector registered an increase in the second quarter of 2021 of 6.8% compared to the previous year.

The most sought-after property in the Region: high quality new build with ample spaces

New homes, with a higher construction quality and large, open-plan spaces, seem to be what most buyers are looking for in the Region of Murcia now.

There is a slight upturn in sales activity for new homes in Murcia, driven by a growing supply, such as the developments underway in the northern area of Murcia city.

More mortgages were signed than last year, and values have increased over recent months

Meanwhile, the Region of Murcia registered in September the signing of 1,432 mortgages on homes, which is 67.7% more than in the same month of the previous year and the sixth largest increase of any community. In addition, the mortgages signed in the Region have a value of 30.3% more than in August.

The capital loaned for mortgages on these homes amounted to 132.6 million euros, 47.3% more than the previous month and 75.5% more than a year earlier.

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Property sales for El Valle, Lo Santiago and Golf resorts in Costa Calida

Spanish Homes 4 U has been run by Andrew Leach, based on the El Valle Golf resort in Murcia since 2006. As a full-time resident, living and working ‘on site’, Andrew is ideally placed to offer an expert property sales and rentals service for El Valle and other nearby golf resorts, many of which were designed and built by the Polaris World group.

Spanish Home 4 U

El Valle Golf Resort

Set against a mountain backdrop with views towards the coast, the El Valle Golf Resort is considered to be one of the most exclusive Polaris developed resorts in the area and has Spanish Home 4 U received praise, not just for its golf course but also for its layout and user-friendly desgin. Secure, luxurious and set in naturally landscaped public areas, El Valle is close to both San Javier and Corvera airports, less than 20 minutes from the region’s capital city and only a few minutes more from historic Cartagena. What’s more, the Balsicas railway station with high speed links to Madrid, Barcelona and Valencia is 10 minutes away.

Lo Santiago

Lo Santiago offers a choice of luxury villa properties near to Murcia city, but only 15 minutes from the beautiful beaches around the mar Menor. Spanish Home 4 U Built around 2007, this popular resort has plenty of permanent residents and on-site bar and restaurant, open 7 days a week, with local shops just a 5-minute drive away. The resort is secured with a barrier entry system and CCTV.

Spanish Home 4 U Exclusive Property Sales

Spanish Home 4 U offers a full sales service with strong links to promoters, banks and local lawyers, allowing them to pass on special deals and offers to customers. In fact, on some new properties, the company has a contractual right to sell at lower prices than any other sales agent in the world, so it really is impossible to find it cheaper elsewhere.

Rentals

For holidaymakers, Spanish Home 4 U are able to arrange rentals to fit all budgets and vacation plans. Whatever you’re looking for – your own golf tour, sunbathing on the beach (the Mar Menor is just 20 minutes away) or a cultural trip around the region’s Roman ruins, national museums and Moorish architecture – Murcia caters for all tastes. Spanish Home 4 U can provide the perfect property as a base from which to experience these varied offerings, while also offering expert advice that will make your holiday an unforgettable one.

Pool Services

Many of the villas on El Valle and other golf resorts come with their own private pool and Spanish Home 4 U offer a full specialist maintenance service. Keeping a pool clean, clear and healthy requires some know-how so that it’s ready for owners to enjoy without worry, whenever they want. Andrew can arrange annual maintenance contracts, pre-season checks, ongoing maintenance and level monitoring; all as part of the after sales service.

As a 'One Stop Shop’ for El Valle property, Spanish Home 4 U take care of all your purchase or rental needs. Plus, as a local resident, Andrew possesses an in-depth knowledge of the area and its facilities and attractions - sharing that knowledge with the customer is all part of the service when dealing with Spanish Home 4 U.