PROPERTY SEARCH

Date Published: 13/02/2025

Inside the most expensive house in Murcia

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On the market for more than €5.5 million, the location of this Murcia dream home might surprise you

Inside the most expensive house in Murcia

Spain’s housing market is a hot topic these days, and sadly not at all for the right reasons. With skyrocketing rents and home prices, young people and workers on lower incomes are finding it harder than ever to get a foot on the property ladder. Many are calling for government intervention, and schemes like the ICO guarantee line for first-time buyers have started offering some hope.

But even so, buying a home is a massive financial commitment. According to money experts, mortgage repayments shouldn’t exceed 30% of the total household income so understanding the nitty-gritty of loans, such as interest rates and APR, is crucial.

Even with government help, affordability is a major concern, which is why most people are searching for homes at the lower end of the market. But what about the other end of the spectrum?

The most expensive home in Murcia

Contrary to popular belief, the priciest property in the Region of Murcia isn’t in one of the high-end touristy spots like La Manga or Cabo de Palos. The most expensive home currently for sale in Murcia isn’t by the beach at all – it’s actually in Espinardo, a district in the northern part of the capital city known for its orchards and prime location near the city centre.

And it’s on the market for an eye-watering €5.5 million.

But what does this hefty price tag actually get you? Well, for starters, the property boasts 328 square metres of built space, on top of the enormous 786,752 square metres of land. In reality, this isn’t just a luxury home but practically its own private estate.

The sky-high price is down to a few key factors. First, there’s the sheer size of the land – you’d be buying more than a house, it’s a vast rustic estate with endless possibilities, from agricultural ventures to future real estate development.

Then there’s the location. Espinardo has seen major growth in recent years, and being so close to Murcia’s most in-demand areas makes this property a highly strategic investment.

Of course, a home like this is out of reach for the vast majority of buyers. While many people in Murcia are struggling to find affordable housing these days, luxury properties like this highlight the stark contrast in the market. Some are fighting for a small chance at homeownership, while others are purchasing multi-million euro estates.

Also of interest: The town in Murcia leading Spain in property price hikes

Images: idealista

staff.inc.ali

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