The Latest Spanish Property News from Kyero.com

When property in Murcia is mentioned, large urbanisations and new build golf developments located along the Mediterranean coastline spring to mind however, according to Kyero.com, these homes are not what the majority of today’s buyers are looking for.

The latest independent statistics from Kyero.com reveal that 8 out of 10 of the most popular towns in Murcia province are in fact not coastal at all, rather inland. These towns are currently experiencing a renaissance and property prices are booming.

One example is the town of Moratalla, 120km inland, where figures show that the average property price increased by 50% from €82,250 in 2006 to €124,000 in 2007. Other examples are the scenic town of Jumilla in the north of Murcia province, where a 25% increase, from €139,000 to €173,000, was recorded during the same period, and Puerto Lumbreras in the south west, where average property prices increased by 17%, rising from €233,250 to €245,250.

Set against the province average of a 4% increase in property prices from €204,250 (2006) to €211,250 (2007) and the national average actually declining by 0.1%, from €245,750 to €245,500, this is highly significant.

This data suggests that most Britons looking for a holiday home or to relocate to the Murcia region are increasingly seeking rural areas above developed coastal towns. Space is becoming a key consideration and properties are frequently being sought near to the national parks of the region. One example is Lorca which takes the third spot in the Kyero.com Top Ten and is situated near to the Parque Natural Sierra Espuna. This area also sees local property development company, Casas de Lorca, building villas on 5 acre plots of land, meeting the demands of those looking for a low-rise property option where space is key.

Casas de Lorca’s Director, Mike Hamilton, recognises the popularity of the Lorca area as offering something more to the discerning buyer: “Lorca offers so much for the British buyer. Not only is it under 20 minutes to the coast and within easy reach of 3 airports, property in Lorca also offers excellent value for money.

Another key reason that Brits buy in Lorca, or Murcia in general, is that they want to experience the true Spanish way of life. Lorca has around 100,000 inhabitants and is a fun and lively town with hundreds of bars, restaurants, castle, theatres, schools, squares to relax in, enjoy a coffee and watch the world go by, friendly people and beautiful architecture with 15 churches and a cathedral in the centre. When you set this alongside the fact that Lorca literally means City of the Sun, having one of the best climates in Europe, it is not hard to see why it is so popular.”