Thursday, May 26, 2005

Murcia Spains property hotspot.

It's the hottest spot in Spain's sizzling property market, but Murcia is still a good bet for buyers in search of an affordable place in the sun...

spain mapThe rise and rise of the Spanish property market has been something to behold. According to a recent report in The Economist, house prices in the country soared by a staggering 149 per cent between 1997 and 2004, the second highest increase in the EU after Ireland.

Despite booming prices, however, Spain remains nĂºmero uno for British buyers. Since 1999 the number of British owners has increased by 460 per cent and there are now over a million of us happy to swap (permanently or occasionally) damp and drizzly Blighty for sangria, sunshine and clear blue skies.
You can view a range of properties at a spanish property exhibition at Bychoice Esate agents offices in Sudbury and Long melford Suffolk over the Bank Holiday weekend from 11-4pm Sunday and Monday.

The Costa del Sol remains a huge attraction but with prices there rising, buyers have started to look further afield. Nearby Murcia, east of Andalucia, is clearly benefiting from the ripple effect: prices there soared by 26 per cent between June 2003-June 2004, the largest increase in the whole country.

1 comment:

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