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ARCHIVED - New construction boom in Murcia points to a profitable 2022
More than 70% of building permits awarded in the Region in 2021 were for new homes
Following a disastrous performance in 2020, the real estate market in Murcia really began gathering steam last year and pent-up demand led to a buying boom larger than any seen in the last decade. New constructions have been the real winner, improving by 20% compared to 2019, before the outbreak of the coronavirus pandemic, and developers predict that the only obstacle to a financially fantastic 2022 is finding enough land to build on to meet the surging demand.
During the first nine months of 2021, a total of 1,966 building permits were granted in the Region, an impressive 96.4% more than in the same period the previous year, and while new construction made up 70%, remodels weren’t that far behind. The demand for fixer-uppers skyrocketed during 2020 as a direct result of confinement, but this figure has improved even further in 2021, with 790 permits granted between January and September – a 15.52% increase.
With more people than ever buying homes in Murcia, the president of Association of Real Estate Developers of the Region of Murcia (APIRM), José Ramón Blázquez, is concerned that there simply won’t be enough houses built in 2022 to meet the extraordinary demand.
“If we have land available at a reasonable cost and the raw material crisis does not throttle construction, it will be a very good year,” Mr Blázquez predicted, adding that the amount of available land is quickly running out in neighbouring Alicante, making the Region of Murcia a very attractive prospect indeed.
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Micasamo property search and selection in the Costa Blanca and Costa Cálida
The team of professionals at Micasamo are dedicated to helping you find your perfect home in the Costa Blanca, the Costa Cálida and the Region of Murcia in south-eastern Spain, and over the last twenty years have succeeded in assisting hundreds of happy clients to buy safely and smoothly in one of the most attractive parts of Europe.
In recent times searching for a home in Spain has become a little more complicated for British buyers for a number of reasons, but help is at hand through the selection of properties listed by Micasamo. If organizing an inspection trip proves problematic a video tour of selected properties is supplied, and at the same time it is easy to take advantage of the Micasamo team’s local knowledge and ask for recommendations.
Having lived and worked in south-eastern Spain for many years, the professionals at Micasamo have first-hand experience of all aspects of the area: not only the lifestyle, climate and food, but also practical topics such as sending your children to Spanish schools, organizing health cover – and, of course, how to navigate the labyrinth of legal requirements and paperwork which can be involved in purchasing a property!
They love living in Spain, and their aim is to ensure that you will too, matching their recommendations to your budget, lifestyle and family.
With dozens of golf courses in the area, the Costa Blanca and Costa Cálida are little short of a golfer’s paradise, and Micasamo have over 100 golf course and resort properties on their books, providing a wide selection of offers for both novices and experienced players. They are recognized as specialists in the prestigious La Manga Club resort, which boasts three 18-hole courses, and Roda Golf, but also have a wide range of properties on other golf resorts throughout the Region of Murcia and Alicante.
On top of that, of course, Alicante and Murcia have over 260 kilometres of coastline and beaches, providing a huge range of holiday home possibilities for those keen on water sports or simply soaking up the sun! If you’re not certain where to look, the perfect place to start might be the narrow strip of La Manga del Mar Menor, located between the Mediterranean and Europe’s largest saltwater lagoon (the Mar Menor), and Micasamo have a selection of homes ideally situated to enjoy this privileged location.
Contact the team at Micasamo to arrange your personalised guided property video tour, specially tailored to your own personal budget, needs and preferences – and don’t forget to sign up for their free Property News and Buying Guide to keep up to date with the very latest property updates and trends. This can even keep you in the picture with details of newly released properties which are not yet on the market, enabling you to snap them up as soon as they are available.
Once you’ve decided on your dream home in Spain, Micasamo can call upon the services of expert local lawyers and finance professionals to make sure that the purchase goes ahead smoothly and easily, and offer a full after-sales service including the set-up of utilities contracts, introductions to tradespeople and key-holding where required.
At the same time, of course, Micasamo are always looking to put more properties on their books and offer their professional services to vendors as well as buyers!
Contact them to organize your personalized viewing tour – either in person or on video – or drop into their office in La Manga Club.
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