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Sweet Murcia for investors in Spain |
Written by Jim Barnaby
Monday, 18 February 2008
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With the overall Spanish market haven taken a few hits of late, with
the end of the boom years last year followed by the credit crunch and
the bad publicity over the demolition of illegally built homes in a few
areas. But, it seems, there are still plenty of good places in which to
invest. Murcia is one place that has been mentioned more than just occasionally of late. While the going may not be so good on the crowded costas where investors have been pouring in for many years, up and coming markets in such locations may be the best bet now, experts have suggested. Recently, for example, Paul Collins, overseas property editor and investor magazine BuyAssociation, said: "Have a look at up-and-coming cities - places like Murcia property Spain, which is becoming much more important because of the new international airport that has just opened." Noting these remarks, Homes Worldwide added that another location soon to get an airport is Huelva, an area which borders the Portuguese Algarve region and can therefore bring in tourists for both Iberian countries. Having an airport, of course, is vital for tourism, particularly from Britain. New statistics from Spanish property portal Kyero.com have noted that Murcia has already seen positive trends taking shape. Last year brought an 18 per cent rise in tourist numbers and a four per cent increase in house prices. With Europe's largest salt lake - Mar Menor - and high average temperatures the area is already attractive for tourists, but it is buy-to-let investors who may be most interested in the potential of Murcia to grow and provide them with an increasing rental market. Murcia is also offering bargains at present, with the average house price in 2007 there €212,000 (£157,000), compared with a national average of €245,000, according to Kyero. Therefore, Murcia may offer an ideal set of combinations for investors. It has low prices but an upward trend in value, offering the prospect to buy low and resell high. It has the scenery, beaches and climate. In addition to the airport, there are other new transport developments as well, not least the forthcoming construction of a high-speed rail link which will connect the city with Madrid and Valencia. In the latter case, this could allow people staying in Murcia to take a trip to see major yachting events after Valencia's hosting of the 2007 Americas Cup led to the creation of a multi-million euro marina, or the European Grand Prix which will be held at the city's street circuit each year from 2008 to 2014. Many fearing for the future prospects of the Spanish property industry may have hoped for a bit of mercy. Better than that, they have Murcia. In today's world Property investment is an excellent investment option especially investment in UK Article Source: http://www.ArticleBlast.com |
About The Author:
Jim Barnaby is a real estate investment broker and successful property investment adviser delivering research and selected UK and overseas property investment solutions with experience in spanish properties, french property investment, German property, Cyprus holiday homes, Property in Cape Verde, German property investment, cape verde property buy to let property
Jim Barnaby is a real estate investment broker and successful property investment adviser delivering research and selected UK and overseas property investment solutions with experience in spanish properties, french property investment, German property, Cyprus holiday homes, Property in Cape Verde, German property investment, cape verde property buy to let property
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