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Murcia Property News

First Quarter Property Prices

RearAccording to data from the quarterly report prepared by property portal, “pisos.com”, the price of housing in Spain experienced a surprising decline of 7.2% in March, compared with the March 2014. 

All of the regions registered declines, with the most pronounced being those recorded in Murcia (-11.57%), Asturias (-9.91%) and Galicia (-9,53%). The most expensive region in March for housing was the Basque Country, while the cheapest was Castilla-La Mancha.

Coupled with the strong conversion rate from sterling to euros this makes it a great time to purchase a property in Murcia.

Source:  www.kyero.com (7th March 2015)

Prices Are Stabilising

Prices finally stabilising 

According to information from the School of Property Registrars, residential property prices increased by 2.55% on a year upon year basis in 2014.
 
In the last quarter of 2014 property prices had risen by 0.91%.
 
Spain has seen house prices fall by betweem 30% and 60% (in some areas) since their highest point in 2007.
 
The National Average price per sq metre is calculated at 1,251€ m2.

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