Murcia is located in the southeastern part of Spain. It lies in a valley on the river of Segura with very fertile soils - this is why this region of Spain is often called the orchard of Europe. It is also worth mentioning that Murcia is one of the largest cities in Spain. It is inhabited by ca. 438 thousand. people, including about 12% foreigners. It is also one of the most important university centres in the country with one of the first universities in Spain and Europe.
Best things to do in Murcia
The city also includes the newest and most modern seaports among those on the Iberian Peninsula. The port operates from the British Isles and Scandinavia. In addition, there is also the famous, powerful Gothic Cathedral of Santa Maria (Catedral de Santa María) with a tower of 92 m. Additionally, on hearing the sound of 25 bells, the locals know that it is 1 p.m., and therefore time for a meal. In Murcia, there is also an interesting monument of eclecticism - the Casino. Nobody plays roulette in it, but you can visit the museum.
Characteristics of the property market in Murcia
How much do properties in Murcia cost?
The city of Murcia is an ideal place for people who plan to live abroad for the first time, as well as for those who want to settle here permanently. Murcia is big enough to entertain people, but small enough so as not to make you feel overwhelmed. Importantly, Murcia has a reputation as one of the cheapest places to live in Spain. Therefore, one may successfully search for properties in the central part of the city right next to the major tourist attractions. Property prices in Murcia are lower than the average for the whole country.
Average price for properties in Murcia:
Average price by square metre for Murcia - 1,496 €
Average price for properties in Murcia - 186,978 €
Who buys properties in Murcia?
The most recent data confirm that the British make up 53% of the non-resident purchasers in the Murcia region. In the first half of 2019, foreign investors acquired 51,720 properties in Spain, of which as many as 6,681 were purchased by the British. These statistics confirm that UK residents have by far the largest share of the Spanish property market. Spanish buyers are also interested in buying property in the USA, Morocco, Argentina, France, Germany, Italy, Norway, Sweden and Denmark.
It is also worth noting that as much as 28.5% of all property purchases are made by foreign investors - the average for Spain is only 18.6% of non-resident purchasers. Thus, the Murcia region remains in the fourth place in terms of the number of foreign purchases (after Comunidad Valenciana, Canary Islands, Balearic Islands, Balearic Islands).
33 % United Kingdom
14 % Romania
6 % Germany
5 % Bulgaria
5 % Netherlands
5 % Italy
4 % France
4 % Belgium
Best areas for an investment
Murcia has no direct access to the sea, which makes it a relatively quieter place to live in. Therefore, if you are looking for a city with plenty of sun but which is not a top tourist resort, you should consider buying a property in Murcia. Due to the low cost of properties, nothing stands in the way of you buying a property in the heart of the city. The centre is a place full of charming boutiques, Spanish streets with pubs and restaurants. Buying an apartment in the centre of Murcia will be certainly much cheaper than buying a similar property in Alicante or Valencia. Therefore, if you want to feel the real Spanish atmosphere, check our apartment offers in the centre of Murcia.
However, if you plan to move here with your family, you can look for offers located in other districts, near the schools, kindergartens or hospitals. In addition, the city is well-connected and therefore it is easy to travel from one end of the city to the other.
122,308 € Murcia
136,025 € Murcia
142,180 € Murcia
149,370 € Murcia
151,173 € Murcia
152,333 € Murcia
Vega Alta del Segura
172,891 € Murcia
Huerta de Murcia
181,292 € Murcia
Total numer of housing property transactions in Murcia
1st quarter 2018 1 153
2nd quarter 2018 1 338
3rd quarter 2018 990
4th quarter 2018 1 390
1st quarter 2019 1 229
2nd quarter 2019 1 452
Prospects for the property market in Murcia
The property market in Murcia is very attractive for foreign investors, including the British. Despite the fact that in the first quarter of 2019 the number of properties purchased by foreign buyers was 3.2% lower than in the same period a year earlier, the numbers are still very impressive. The Murcia property market is well-developed and the cost of living in Murcia is low. It is very cheap to eat out and therefore, comfortable to live here.
Although Murcia has no direct access to the sea, due to the very attractive location of large tourist resorts and low property prices, it is very popular among Europeans and residents of the USA.
It is predicted that properties located on the Spanish coast and in tourist centres will enjoy the greatest interest. The high rate of return on investment of up to 10.5% (data from the Spanish Central Bank) should be a big incentive for foreign investors.
Penthouses for sale
A penthouse is an extremely exclusive and comfortable apartment, usually located on the top floor of the building. In addition, very often it consists of two levels, a large living area and is finished to a very high standard. Penthouses in Spain stand out from other properties due to their attractive location. They are often built in the centres of tourist resorts – near service premises, restaurants, cafés and the beach. Of course, a penthouse investment creates bigger costs, however, if you have a sufficient budget, you will not regret this purchase. Your penthouse will allow you to experience luxury in the Spanish style. The large area guarantees the highest level of comfort, freedom and privacy. Be sure to familiarse yourself with the offers of penthouses in Spain on our website - choose from modern, spacious apartments in various locations in the Costa Blanca.
The luxurious character of Spanish penthouses is manifested primarily in modern equipment and a wide range of amenities. The purchase of a penthouse in Spain is an excellent choice even for the most demanding investors. The property may have access to a private SPA, gym or jacuzzi. The residential building in which the penthouse is located often includes an underground garage. A 24/7 security and reception are standard for the most luxurious properties.
A private swimming pool
How much do penthouses in Spain cost?
Due to their exclusive character, attractive location and large area, penthouses are high-end properties. Be prepared that their price will exceed the average value of properties available on the Spanish market.
Average value of property transactions of the free housing market in Spain
1st quarter 2018 145 297 €
2nd quarter 2018 149 582,4 €
3rd quarter 2018 152 095,1 €
4th quarter 2018 153 179,7 €
1st quarter 2019 152 023,4 €
2nd quarter 2019 154 487,8 €
Who buys penthouses in Spain?
It would seem that a modern penthouse in the heart of the sunny Spain will only remain in our dreams. Nothing could be further from the truth! Foreigners are increasingly deciding to invest in Spain - in 2018, ca. 13% of all transactions on the Spanish property market belonged to foreign investors. On our website you will find exceptionally attractive penthouse offers in various price ranges. Unawareness of the local property market is no longer an obstacle, our specialists are ready to help! We are happy to advise you on choosing the best property offer and guide you step by step through the various stages of its purchase. Contact us.
Average value of property transactions of foreigners on the open-market housing in 2nd quarter 2019 in Spain
New housing – 257 460,2 €
Second hand housing – 157 209,7 €
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