Press Releases and Media Information for Kyero.com
February 15th, 2008
Murcia, one of the few autonomous communities of Spain consisting of a single province, is looking ahead to a prosperous 2008 as the latest data reveals that property prices rose nearly 4% in 2007 and tourism increased by 18%.
Figures from the Ministry of Tourism and Commerce show that Murcia has far exceeded the national average increase of visitors to Spain (2.1%) with passenger traffic up by 23% to nearly 2 million at San Javier airport and 20% more cruise liners making Cartagena a port of call. Not only were visitor numbers up but tourist spending also saw a significant increase of 30%.
Murcia, located on the south eastern coast of Spain and home to the Costa Calida, has long been popular with Britons who enjoy an average annual temperature of 18°C, low rainfall and a varied landscape from the mountains inland to the largest salt water lake in Europe, the Mar Menor, all available under 2.5 hours flying time direct from the UK.
According to the Spanish Ministry of Housing (MVIV), Murcia is the third most popular province (after Alicante and Malaga) in which foreigners buy property; 20% of properties sold in Murcia in Q1 2007 were to foreigners.
Data from award winning Spanish property portal Kyero.com, reveals that average property prices in Murcia have continued to rise year on year. Whilst always remaining below the national average, 2005 saw an average price of €197,488, rising 4% to €203,568 in 2006 and 4% again in 2007 to €211,250. The very latest independent figures from Kyero.com show an average asking price of €212,000 (Feb 08), 14% below the national average of €245,000.
Martin Dell, MD of Kyero, comments, “The steady price growth seen over the past 3 years is a positive indicator for Murcia’s future. Compared to other provinces popular with Britons seeking second properties such as Alicante and Malaga, Murcia remains an affordable option with a wide variety of product available.”
These sentiments are echoed by Mike Hamilton, Director of Casas de Lorca, a developer based in the town of Lorca, 1 hour inland from Murcia City, he comments, “Our new build villa prices in Lorca rose by an average of 6% in the last year and the average resale rose by 4%. Murcia is one of the fastest growing regions in Spain and a new international airport opening in 2009 will further drive growth with an estimated 3 million passengers visiting in the first year.”
About Kyero.com
Winner of the 2007 CNBC award for Best Property Portal Spain and Best International Property Portal, Kyero.com is the leading web site connecting buyers and sellers of Spanish property. Featuring 90,000 properties from 700 estate agents, Kyero.com is privately owned and based in southern Spain.
Kyero.com is the first dedicated Spanish property portal to join the
Association of International Property Professionals
(AIPP), a consumer association setting standards and protecting buyers of overseas property.
Each month Kyero.com collates pricing information from thousands of properties to produce the Spanish House Price Index
Press enquiries to enquiries@abpropertymarketing.co.uk or contact any member of the Kyero team for further information
- email info@kyero.com
- web http://www.kyero.com
- tel +34 958 881 429
- fax +34 958 882 443
- write Apdo 604 18690 Almuñecar Granada Spain
