Murcia is a region and province situated in the south eastern part of Spain. It benefits from a Mediterranean coastline known as The Costa Calida, stretches along some 250kms of sun kissed beaches. If you explore inland you will be greeted by orchards, vineyards, olive groves as agriculture is a important element of the regions economy. The region also has glorious medieval castles steeped in history. It has quaint hillside villages to wander through cobbled streets where you can drink in the Spanish way of life.
The lively university town of Murcia is the region’s capital. With a beautiful baroque façade cathedral in the town centre alongside bars, restaurants and shopping thoroughfares make it a vibrant place to visit time and time again.
International travellers can fly into Covera airport. It serves the coastal resorts of Alcazares, Lo Pagan, Mazarron, Santiago de la Ribera, La Manga and the historical Cartagena. Alicante airport is also available although a slightly longer journey time.
The Property market
Market value rose in 4 coastal municipalities and sales figures increased in Águilas
Leading Spanish property valuation firm Tinsa has published its review of the market in coastal regions of Spain during the first quarter of 2021. conclused that, in general terms, the market for holiday homes and second residences resisted the effects of the Covid pandemic better than the market for main residencies during the first year of the coronavirus crisis.
The Tinsa reports compares sales figures and the market value of property in the first three months of 2021 with the same period last year, which mostly preceded the first coronavirus lockdown in Spain on 14th March 2020. As a result, it is feasible to expect a drop in the 2021 figures due to the tightening of pandemic restrictions in the New Year. However, it seems that in coastal areas this is far less marked than further inland and in major cities.
The Region of Murcia is a case in point. According to Tinsa, the market value of residential property in the Region as a whole has dropped by 4.4 per cent, but the opposite is the case in various coastal municipalities with increases observed in Águilas (+9.8 per cent), Lorca (+5.3 per cent), Cartagena (+1.5 per cent) and San Javier (+1.4 per cent).
Minimal downward trends are reported in Mazarrón (-1.1 per cent) and Los Alcázares (-2.2 per cent), and only in La Unión (-4.5 per cent) and San Pedro del Pinatar (-7.2 per cent) is the drop more pronounced than the regional average.
Sales in the Costa Cálida stabilize close to pre-pandemic levels
Although the coronavirus pandemic is far from over it appears that the effect of the initial wave of infection on the Murcia property market has worn off and sales have returned to pre-pandemic levels.https://murciatoday.com/
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Categories: Living in Spain