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 €
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
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
- 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
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.
Investment in a studio apartment is an ideal solution for a young couple, a single person, as well as investors looking for properties for tourist rentals. Studio is a kind of a bedsit, that is why these types of properties usually have a slightly smaller area. However, in this respect, the offer of studio apartments in Spain is very diverse - there are properties with an area of ca. 40 m2, 50 m2, 60 m2 and larger. Studios are also called large areas, which have been adapted in the attic or the loft. It also happens that after the demolition of partitions, two-room flats are converted into a studio-type premises. However, they are larger and more spacious than a typical one-room flat.