NOW is the time!
Investors have now realized the property market in Spain has definitely "bottomed out", and the serious investors and buyers are back investing in Spain! Here we show you how the three main indicators for the long term in Murcia are all on green, and explain why the region is an investment opportunity not to be missed
Prices are down 33% - Bottomed out!
Property prices in Spain reached record levels in September 2006. In those days the opportunities for investors definitely lay elsewhere as the speculation fueled an unsustainable boom in house prices.
So our first green light is that prices are now down by an average 33% on their peak - a clear investment signal, particularly when you consider the substantial investment in infrastructure that will see Murcia become a magnet for tourists over the coming months and years.
The Murcia region is one of the cheapest in Spain!
Our second green light for Murcia Property is that the region is now among the cheapest in Spain, according to the ST-Evaluation Society. Their findings were based on a survey based on housing in all provincial capitals and large towns numbering 25,000 inhabitants or more. You simply get far better value for money in Murcia than any other region of Spain!
Combine this with the fact that this area will soon see the arrival of a huge new Paramount theme park and new International airport along with associated improvement and some of the best infrastructure in Spain, so purchasing Murcia Property becomes a lot more interesting.
Massive local development - Airport and Theme Park!
This takes us to our third green light. The newly constructed Corvera International airport is on track to receive its capacity of eleven flights per hour. This means that in its first year of operation, first year of life, Murcia will have approximately ONE MILLION passengers passing through this fabulous new airport. Even this figure is set to triple in three years! Meaning close to twelve million passengers a year are expected by 2030! This is one of the major incentives for the construction of the Paramount Theme Park nearby.
The entrance to the new park will be located around just fifteen minutes from the new airport at Corvera, fifteen minutes from Cartagena and just twenty-five minutes from Murcia city. A recent study of the area reveals that 8,250 parking spaces will be required for visitors, plus 188 for park employees.
The study has also envisaged that the park will be receiving 263 buses per day. A budget of four million has been set aside for access work alone and work expected to be undertaken at the end of the year.
So with property prices this low, and rental potential incredibly high resulting from the likely demand for accommodation nearby, this is an ideal opportunity to invest in the best gated resorts nearby while others remain fearful.
Exchange rate the best it's been for years!
Finally, the exchange rate is now the best it has been for many years and with mortgage interest rates at an all time low, there is no doubt that now is the time to "take the plunge" and purchase your new home in Spain.
Calida International Properties are well established locally and specialise in helping people purchase their new luxury apartment or villa at the very best gated golf resorts in Spain, please contact us now so we can help you make the right decision.