By Catherine McGeer •
Published: 05 Feb 2024 • 12:38
The Soaring Real Estate Landscape in Murcia
Image: Shutterstock/ underdog_cg
HOUSING prices in the Region of Murcia continue to climb steadily each month, fuelled by the ongoing economic inflation affecting all sectors. City and town centres across the region saw an uptick in prices in January, with coastal areas maintaining their status as the most expensive.
The average housing price in the region stands at €1,192 per square metre, reflecting a 9 per cent increase from the same month last year and a 0.5 per cent increase from December 2023.
At the top of the list is La Manga del Mar Menor, where the average cost per square meter is €1,737, followed by San Javier at €1,535 and San Pedro del Pinatar at €1,329. Coastal towns like Mazarrón and Águilas also contribute to the trend. On the lower end, towns like Bullas (€461), Yecla (€616), and Jumilla (€635) boast more affordable housing.
In major cities, Murcia‘s square metre price rose to €1,246 (11.7 per cent increase), Cartagena’s to €1,186 (2.7 per cent increase), and Lorca’s to €1,090 (3.6 per cent increase in January).
Nationally, Spain’s used housing market recorded an 8 per cent year-on-year increase, reaching €2,049 per square metre. Meanwhile, in the Region of Murcia, rental rates continue to rise, marking a 0.8 per cent increase in January.
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I am an Irish writer who has been living in Spain for the past twenty years. My writing centers around the Costa Cálida. As a mother I also write about family life on the coast of Spain and every now and then I try to break down the world of Spanish politics!
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