During the first quarter of the year, the region was among the five most interesting places to invest, with a gross rental yield of 6.43%
Two seas, a single coast, movie cliffs, secluded beaches full of charm, an orchard whose fame transcends borders, a historical and cultural heritage… Murcia has more than known charms to become the ideal place to live, especially for those those looking for a place to enjoy the sun and good weather all year round.
In the first quarter of the year alone, 5,755 buying and selling operations were conducted in the community, 26.226% more than in the same quarter of 2.021. Murcia, along with La Rioja, is the Spanish territory that registers a lower real estate effort or, which is the same, the community in which its citizens have to invest less time than full salary to become owners, only 4.6 years.
According to data from the latest sales price report from flats.com, the average price of second-hand homes in April was €1,075/m2, 5.04% more than a year ago. “Although buying a second-hand house is more expensive today than it was a year ago, it is growing below the general price index,” says Ferran Font, director of Estudios de piso.com, adding: “it is normal that the CPI ultimately affects on homes, but its impact is fading».
Is it possible to buy a house under that price in a quiet municipality? The answer is clear: yes. While prices vary based on many factors, the county real estate market offers a wide variety of options to suit all tastes and pockets.
Not everything in Murcia is on the coast, in fact much of the attractions can be found in the interior of the community. The distance to the Mediterranean also means lower house prices and it is in inland municipalities where we find some of the most interesting options for buying a house for very little.
For example, a flat in Yecla has a price per square meter of EUR 576, a figure even below the average price in Spain’s cheapest province, neighboring Ciudad Real last month (EUR 628/m2). Barely 30 minutes drive we find another quiet and economic community most interesting in terms of real estate. Jumilla is famous for its wines and its pears, both with a designation of origin. While the property offer isn’t bad either, with pre-owned prices starting at €606/m2.
Continuing south-west, Cieza (€822/m2) and Caravaca de la Cruz (€708/m2) are two other interesting alternatives where housing prices are below average for the community.
Murcia is by far the most expensive city in the region. The square meter was paid at 1,316 in the capital last April, or what is the same, 9.76% more than a year ago. However, it is possible to find much cheaper housing in municipalities just 15 minutes from the city. In Alcantarilla, for example, a house of 90 square meters costs an average of 66,600 euros. Despite a population of just over 42,500, this metropolitan municipality boasts the highest population density in the region.
A little further away, but also cheaper, would be the municipality of Molina de Segura. Considered the capital of the natural region of Vega Media del Segura, prices have fallen by -2.25% in the past year and stood at €892/m2 in April. All in all, they are 43.53% cheaper than those in the Murcian capital.
Nestled in the region of Bajo Guadalentín and at the foot of the Sierra Espuña Regional Park, Totana is one of the quiet and inexpensive Murcian municipalities that can be of most interest. Just over half an hour from the coast, the average price per square meter in the city in April was 976 euros.
But if you are looking for locations overlooking the Mediterranean, you can buy a house in Torre-Pacheco, which is not only closer to the coast of Murcia, but also in this municipality of 37,299 inhabitants, according to the latest data from the INE, owning it will be cheaper. For just over 86,000 euros it is possible to buy a house of 90 square meters.
Something bigger will have to be the economic effort if your plans go through life by the sea. Águilas, a municipality where the price of housing has increased by 15.52% in the past year according to data from piso.com, can be a good option if you are looking for tranquility on the beach. However, if serenity isn’t the only thing that moves you, looking for a home in Cartagena (€1,271/m2) is an alternative you should consider. The second largest city in the region in terms of population, it has all kinds of services and despite the fact that prices have increased by more than 4% in the past year, they remain below those of the capital.
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
