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Murcia leads the way with Spanish property sales

Source: Euroweekly News - Mon 11th Oct 2010

The Murcia region is said to be blazing a path in the road to recovery for the country's property market...

According to the National Institute of Statistics (INE) 1,308 homes in Murcia changed ownership in June this year - the national average is just 99 homes changing hands per region in the same period.

Low prices are fuelling demand but this is unlikely to complete the picture.

Both Murcia and the Southern Costa Blanca region are now regarded as hotspots, not just for the weather but for property investment.

Cerina who heads the Baltic States and Russian-speaking section of property sales, says; "There is evidence of a universal whispering campaign. It is perhaps based on a gut feeling that this region is well placed to pioneer recovery. Investors looking for high returns will find it difficult to find comparable locations."

One buyer in Camposol says there were two other telephone enquiries for their chosen property while they were in their estate agent's office putting the finishing touches to the deal.

The decision by Paramount to rubber stamp the long awaited theme park has added investor and holiday home interest.

Whilst there is still speculation as to its funding confidence remains high based on Paramount's vote of confidence in the region.

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