Spanish Property News

Without Reading the new book "Buying Property in Murcia" by Debbie Jenkins.

This newly released book gives you a detailed guide to towns within the Murcia region and excellent advice on how to find your ideal property.

In its straightforward style it explains the pros and cons of the property market in Murcia and details accurately the buying process.

It has invaluable advice for any buyer - and should definitely be well read by the time you book your viewing visit .

The book is available now here - from Amazon.

The number of tourists visiting the region has increased by 18%, way ahead of the 2% average for Spain as a whole. Equally important is the 30% increase in the amount of economic input from these tourists as opposed to the national average of 3%.

The figures from the Ministry of Industry, Tourism and Commerce are good news for property owners in the region, as they reflect the continued confidence in the area as a holiday destination.

Negotiations are underway with countries across Europe to increase direct connections to Murcia (San Javier) airport ensuring growth from tourism looks set to continue.

Details from The Costa Calida Reporter (No.86)

'Spanish property is a mid to long term investment' that is the clear message surfacing amid the panic and doom stories generated by this week's British press. It’s been obvious for the last few years that the days of a quick killing in Spanish property have come and gone, but wise property purchases still reap rewards for their owners. The property lifecycle & selling price, location, and legality are the key foundations to buying in Spain.


When buying off-plan look for developments with low introductory rates or those where prices have been held at their original price. Avoid agencies that advertise properties that seem over priced. If buying resale think about the age of the property carefully. Is it too old to be covered by the builder's guarantee? Will old concrete, electricity and water turn your wallet into a black hole?

Research your location in terms of both its current and future potential. Your agent must be knowledgeable about the area. Look for a recommended reliable agency based in Spain and be careful when talking to UK based agents who may not know the area quite as well as they should.

Employ an independent solicitor - and use them! Is the builder providing you with a bank guarantee? By law you should receive a bank guarantee from the builder - but as it costs money to produce it may not automatically appear. Make sure your contract is checked and understand your rights in terms of contract cancellation by either party.

Costa Calida and Murcia
The property market across Spain is not equal and any short term reduction in house prices is unlikely to impact Murcia and Costa Calida in the same way over inflated areas such as Malaga, Madrid and Barcelona. Latest figures show property in Murcia is still 15%* below the national house price average* while Malaga, Madrid and Barcelona are 25%, 70% and 141%* above that figure.

The press have sullied the waters by bringing issues of land grab into the mix, but buyers in the Costa Calida and Murcia are already aware that the 'Land Grab' situation is the abuse by some developers of a Valencian by-law. It is not a national law. However if you buy outside Valencia it does not negate the need for legal representation - we recommend to all our clients that they use the services of an independent solicitor who checks their contract, their property and ensures bank guarantees are obtained for all monies paid.

Pierre Williams of Inside Track, the overseas property investment consultancy, sums up the current situation in the Spanish Property market when he says that those who have invested wisely are not likely to suffer. ""Just as in the UK the era of automatically making vast sums of money on the back of rampant house price rises is over in Spain.....That does not mean that those quality properties in quality locations can not deliver excellent returns as a mid to long term investment,"

Choose your agent, area and property carefully and enjoy the rewards of owning in Spain.

We are excited to announce today the release of the apartments El Molino in La Puebla - set to be THE investment of 2007 for the Costa Calida. These apartments have an array of features and have been released at great introductory prices - prices which will not stay that low for long!!!

Two bedroom, two bathroom, outdoor pool, indoor heated pool, jacuzzis, saunas, private secure parking, store room and solar panels are just one of the reason these apartments, which start at only €130,000 euros make a great investment. Their location is fantastic - just 5 minutes from the Mar Menor and the heart of the Costa Calida's premier resort - Los Alcázares. They are only 5 minutes from a golf course and with their indoor pool they are true all year round apartments.

The village of La Puebla has everything you expect - supermarket, bakery, bar & restaurant, and a beautiful restored windmill - right next to the development!!

Last year a similar release in the village sold out in months - we sold twelve alone in a couple of weeks.

We strongly advise our investors not to miss this opportunity. Reservations on the apartments have begun so do contact us today.