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ARCHIVED - Murcia house prices rose by 4.3 per cent in 2019, says property portal
A survey of second-hand homes points to the third sharpest price rise in Spain in the Costa Cálida
Figures published this week by the Spanish property portal pisos.com indicate that the average price of second-hand housing in the Region of Murcia rose during 2019 by 4.37 per cent, the third most significant increase among the 17 regions of Spain, to reach 1,135 euros per square metre.
Topping the table according to the portal were the regions of the Balearics and Madrid with rises of over 8 per cent, but on the other hand there were decreases in most of the north-western half of Spain with the sharpest being observed in La Rioja (-5.83 per cent) and Cantabria (-2.33 per cent). Taking into account the figures for the whole country, it is calculated that the price of residential property throughout Spain rose during the year by an average of 2.33 per cent.
In the summary of the findings of the annual survey the portal also highlights various specific municipalities within the Region of Murcia for different reasons. Yecla in the north is identified as having the most affordable housing in the whole country at an average of 542 euros per square metre, having experienced a drop of 6.14 per cent during the year, while on the other hand average prices in La Unión are reported to have risen by a dramatic 31.2 per cent, the second highest figure in Spain. In Cartagena, meanwhile, the analysts observed a fall in market value of almost 9 per cent, the most significant in the Region of Murcia.
These are interesting data without any doubt, but as ever with property portals it is important to take them with something of a pinch of salt. Crucially, it has to be remembered that the websites work only with the figures supplied to them by those selling second-hand property, whose estimated valuations are not necessarily in line with true market value and the actual sale price which is eventually agreed on.
To view a wide range of properties for sale across Spain consult the Spanish property page.
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