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Displaying items by tag: Balerics

Property sales in Murcia 

Figures just released by the Ministry of Development show that the recovery in the Spanish property market is continuing. Based on the volume of sales during the second quarter, April to June, Murcia was one of the best performing areas with a 25.7% increase in sales compared with the same period last year. The number of properties sold was 3,474. The only regions of Spain to show a higher increase were La Rioja, Ceuta & Melilla, Cantabria and the Balerics.

During the first six months of the year the 5,885 sales in Murcia showed an 11.2% increase compared to last year.

All of the above shows that the Spanish property market, particularly in those areas where prices are still competitive, is showing an increase in demand. This increase in sales is also being helped by the banks making obtaining mortgages easier than in the last few years.

The number of mortgages being granted to July 2015 is 37.2% higher compared to the same period to July 2014. The average mortgage being granted in Murcia was around 92,000 euro’s.

Please contact us if you are interested in obtaining a mortgage for a property purchase within the Murcia region.

Published in Blog