Property Sales In Murcia Region Surge By 50%!
In my last column (June 2018), I remarked on the significant increase in buyers – particularly British buyers – that did not fully reflect the figures released by the many official statistics agencies in Spain. There was clearly a lag in the system, as in the first part of this (2nd quarter) the National Institute of Statistics (INE) revealed a national increase in property sales of 31%, compared to the same period in 2017.
This is great news for owners of Spanish property looking to move on or just repatriate to their home country, but it gets better – of the 27 regions, Murcia came fourth with an impressive 50% increase in sales!!
We await the next release of data with great interest as it does appear we have a mini-boom developing.
Spanish Property Prices Show Slight Increase!
More positive news – the value of Spanish property on the Mediterranean Coast (there is no regional breakdown) shows that compared to last year’s decline in house values of -1.3%, we actually experienced an increase of +0.4%. Any increase, considering there is still an over-supply of property in Spain, is very positive indeed. We have personally widened our scale in property values to reflect this.
On A Local Level
We are still experiencing an unprecedented number of clients. Our enquiries are increasing daily and we are in the process of training extra members of our team to deal with this upturn in business. If you have a property to sell, please get in touch with us for a visit/valuation of your property, at which point we shall be delighted to explain our services and fees accordingly.
Fuente Alamo Real Estate/Murcia Coast & Country
Tel 0034 968 598 173