The Murcia Region offers a diverse range of environments and landscapes, from beautiful coastlines to stunning countryside areas. The property prices vary depending on the location and type of property. For those who are lovers of the countryside, there are many options available, such as cheaper apartments and villas. However, if you prefer a beachfront villa, prices may be higher. The region has something for everyone, from rural retreats to bustling cities, and each area offers its own unique charm and character. This diversity means that there is a wide range of options available for those looking to buy property in the Murcia Region.
In the Región de Murcia region, residential property prices for sale have increased by 10.18% from March 2022 to February 2023, with an average asking price of €1,472 per square meter in February 2023. The highest asking price for sale in February 2023 was in San Javier municipality at €2,294 per square meter, while Albudeite municipality had the lowest asking price at €390 per square meter.
On the other hand, the average asking price for rental properties in the region increased by 5.82% from March 2022 to February 2023, with an average of €7.27 per month per square meter. In the province of Murcia, the municipality with the highest asking price for rental properties in February 2023 was La Manga del Mar Menor, with an average of €9.61 per month per square meter. In contrast, Abarán municipality had the lowest asking price at €2.60 per month per square meter.
February 2023 Source: https://www.indomio.es/en/mercado-inmobiliario/region-de-murcia/
Regarding the forecast for the Spanish property market, Bankinter's analysis and markets department predicts a 3% drop in residential house prices in Spain in 2023 and a further 2% decrease in 2024, in line with the main world economies.
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