The Murcia property market is attracting a growing number of buyers thanks to cheaper prices, according to reports received by the popular television show A Place In The Sun
As well as appealing to British buyers, the reports say that homes in Murcia are being purchased by many more Spanish, Dutch, German and Scandinavians.
Encouragingly, the area is attracting more Spanish buyers than ever before. They can obviously spot a bargain.
The reports state that two bedroom terraced villas on a golf course are now available from as low as £50,000, following a Spanish property market collapse which has seen prices decline by as much as 60 per cent in Murcia.
It is expected that the market in Murcia will be boosted from the new Paramount Studios theme park in the area, which is helping prices stabilise across some parts of the region.
The advantage that Paramount Pictures will give over other Spanish regions is a great rental potential, so not only will you have the Spanish sunshine, there are also golf courses, beaches and soon Europe’s largest theme park to attract the rental market.
Depending on how a property is rented, a long term rental could yield around 8 per cent annually. If you are prepared to put in the extra work and go for short term rentals then this could go up to around 12 percent.
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