Affordable prices

Following 5 years of decline it appears as though Spanish property prices might have bottomed out. After the credit crunch struck the Eurozone in 2007, 700,000 homes fell to the Spanish banks. In the Murcia district in 2007 an average price for a property was EUR 147,000. This dropped every year to EUR 45,000 in 2012, which means some properties were actually being sold at 70percent lower than their highest prices as banks were urged by the European Central Bank to rebalance their books and dispose of under-performing property resources. However, it appears that average prices in 2013 are set to climb to EUR 55,000, suggesting that the market could have bottomed out.

In early 2013 in Costa Calida you can get a new two bedroom apartment with terrace, communal pool area, 10-year building guarantee, and golf course and mountain vistas, with beaches and airports within twenty minutes for as low as EUR 33,600. As these prices appear very likely to rise, now may be the perfect time to invest in a discounted Murcia residence either for a change of lifestyle, or a rental investment.

Brand New transport links

A new International Airport
is due to open this year to support the region. This is in combination with San Javier Airport and it will provide easy accessibility to Murcia by air. There is also a good road network between Madrid and the Mediterranean area, in addition to a new high speed train line expected to open in 2014, that will connect Murcia with the Spanish capital.

Theme park

There's intentions to establish a Paramount Theme Park in Murcia, which is anticipated will entice thousands more people to the region and produce a fiscal boost to the region. This in conjunction with the upgraded transport links suggest that acquiring a Murcia property may potentially give you a very good investment in the long term.

Weather

The Mediterranean
weather, providing 300 days of sun per year and mild to warm temperatures all year round, makes this region perfect equally for holidaymakers and those searching for a simpler lifestyle.

Cultural
heritage

People
decide to invest in property in Murcia for its renowned lifestyle and its delightful weather conditions. In addition the region possesses a vibrant cultural heritage as well as high-end shopping and renowned fine cuisine. Murcia is positioned south of Alicante and north of Almeria taking advantage of an outstanding location, near the Sierra Espuna National Park and the coast with its breathtaking white sand beaches and old fashioned fishing villages.

The Spanish have been
investing in Murcia Property for some time for its perfect location and scarcity of major hotels, that means the area delivers something a bit different and genuine. At such affordable prices in a market looking set to go up, now might be the the perfect time to invest in a new way of living or holiday getaway.

Spanish property seeks strong 2013 - 2 January 2013

As the international property world prepares itself for the new year in 2013, Spain is hoping appeal from new international markets and renewed enthusiasm from standard buyer locations is likely to make for a good year, pressing on from a good end to 2012. 

Agents, builders and property consultants feel desire for both top and lower ends of the market is up, with cash buyers in an in particular strong spot, while international buyers and people from outside the EU will find proposed new legislation to grant residency to everyone buying a property for more than €160,000 especially appealing. 

Chris Mercer, director of Murcia based Mercers, told PropertyWire that foreign customers have tended to control the market in 2012, mainly Belgian, French, Norwegian, Swedish, and a wanted resurgence of extra British buyers throughout the last 12 weeks. Mercer is additionally seeing more interest from Germans and Dutch. 

Marbella centered Spanish Hot Properties is also expected property sales to raise in 2013. Director Nick Stuart declared that sales and turnover were up about 25% on 2011 and he predicts an increase of 50% in turnover for 2013 over 2012. 
He is anticipating a big improvement in sales to Norwegians and Swiss due to their currency being outside of the Eurozone, one more reason that buyers from the Asia and Russia can be intrigued by Spanish property. The Belgians, Dutch, Russians and Scandinavians at present regard Spanish properties as being excellent value for money. 

In his own region, Stuart said British buyers should likewise start to see the pure value in property prices. “Genuinely many properties are half price, and I don’t think the Brits quite realize that. They would always reign over the market, making 60 to 70% of foreign purchases, but were responsible for just 19% in 2011. In the meantime purchases by Russians leaped just about 28% from 2010 to 2011 and Chinese purchases by 7%. Let’s hope the British purchasing public awakens and returns to Marbella,’ he added.

 The Truth About Buying in Spain


The Hondon valley, a hilly, quiet group of villages plus farms 40 miles inland from Alicante has been a quiet idyll for many Brits who came looking for a place in bright Spain far from the flaming heat and concreted Costas. But since the recession masses hit by the decrease in Euro exchange rate have been forced to auction their holiday homes at rock bottom prices or hand the keys back to the bank.

“Marbella is at its peak right now”

Regardless of what we hear about Spain’s dire financial state, intensified unemployment figures and landscape bundled with unsold homes you would be hard pressed to discover a downbeat estate agent. In reality in a few areas they are certainly happy.

Michael Lovett, administrator of Fine & Country Marbella says: “Marbella is at its crest right now not just because of the bad weather in the UK but since the area is undergoing a real reinvigoration. Changes to the cultural scene and the transport system have recently been made to re-establish Marbella as the place to live and as a aftereffect, the future of the property market is promising.”

Number one buyers are Russians and Scandinavians
Astounding perhaps but Spain is still the top destination for Brits; even though according to British builder Taylor Wimpey Espana, their number one buyers are now Russians and Scandinavians. “On the Costa del Sol alone, 45 per cent of the total sales this year have been from both Scandinavian and Russian buyers,” says Marc Pritchard, Taylor Wimpey’s sales and marketing administrator. The developer is auctioning two-bedroom apartments as well as three-bed penthouses on its La Floresta de la Mairena scheme near Marbella, priced at €178,000. As well as at Avalon, also in Marbella close to the Los Arqueros golf course, it is selling two and three-bed apartments boasting sea and golf views from €250,000.

British estate agent Mercers are also very helpful about the property retail in Murcia. “Prices look to be holding steady,” said Chris Mercer, who has 29 year knowledge of selling freehold Spanish properties and sells most of all to retirees aged between 47 and 65. “The typical age of our buyer is around 60 and spends between €110,000-€200,000,” he says. “They’re not just coming to buy a bargain; they want a good property they can enjoy. I boldly predict our sales to build by 25 per cent in 2013 over 2012.”

Problems for those seeking mortgages
He adds that houses priced at €195,000 are now selling for approximately €185,000 nevertheless he does predict problems for those seeking mortgages. “The main effect is that bank financing will continue to be a obstacle in Spain. If a purchaser wants higher than 50 per cent loan to value and the property is not bank owned, it really is a no-go situation. This will limit the market to wealthier cash-rich buyers and steer people in the direction of, often less worthwhile, repossessed homes.”

Nothing stopped Peter and Jennifer Siggers, both 62 (pictured left) from selling up and buying a three-bed, three bath villa with personal pool in Camposol, Mazarron for just €155,000 which they found on Mercers’ website. “It was unattainable to match euro-for-euro elsewhere on the Spanish Costas or islands,” says Peter, a former manager of a timber merchant in Nuneaton, Warwickshire. “We’re not left out, have views to the hills and the countryside, yet can get to the social bustle of the on-site restaurants, bars and shops on foot or via a quick car journey.”

Curiously Spain’s infrastructure does not appear to have suffered ever since the downturn. Daniel Chavarria Waschke, who heads up Balearics Sotheby’s International Realty that has offices in Mallorca and Ibiza, reports that the airport in Mallorca has been extended and upgraded and that there are plenty of private hospitals and medical professionals operating to excellent standards.

Sothebys are placing themselves to focus on the high net-worth buyer
“Health care equals or exceeds standards found in northern Europe,” he states. “And a couple of years ago new roads were delivered across Mallorca. We understand there are far more potholes in England.” Such is the assurance of Sothebys that they are positioning themselves to target the high net-worth buyer. “We have adjusted our real estate portfolio to exclusively market only houses with a sale price exceeding beyond €2 million and apartments of over €500,000 to match our target audience,” Daniel boasts.
Unfortunately none of this is of any comfort to those bound to homes they can’t sell or leave behind like Diane and Bruce Bastin, who paid cash for their home (pictured above and below) 10 years ago.

We found Hondon quite by chance,” explains Diana. “We just came across the valley after driving over the mountains and fell in love with it. It was peaceful, and unspoilt.” They bought their three-bed, two bath villa with pool from a builder along with a neighbouring stretch of land to safeguarded their privacy.

It's just 40 minutes from the beach, in secluded spot, near the village and manufactured from natural stone and sits on a large stretch of land. Nonetheless its €295,000 asking price has enticed few buyers. Now Bruce has decided to reduce it to only €199,000.


Diane, 76, a retired company secretary and Bruce, 75, a former record producer, have decided to sell on account of Bruce’s poor health. He had a triple by-pass recently. Fortunately they've already retained a home back in the UK on the Sussex coast.
“Our house would be suitable for a couple who wished to manage a business,” says Diana who is also happy to include several pieces of furniture in the sale. “There is plenty of space for a workshop or office. I had thought of running a kennels.”
The large, single storey house stands in one-acre neighboring an Almond farm and vineyard with views of the valley and mountains. It comes with a mature garden of fig and olive trees and oleander bushes surrounding a substantial swimming pool.

This mountainous region has proved particular popular with downsizers and retirees as the weather conditions are cooler which makes it more tolerable in summer.

Spanish property seeks strong 2013 - 2 January 2013

As the international property world prepares itself for a new year in 2013, Spain is wanting desire from new international markets and restored keenness from traditional buyer locations is likely to make for a good year, driving on from a good end to 2012.

Agents, designers and property consultants feel interest in both the top and lower ends of the market is up, with cash buyers in an in particular strong place, while international buyers and people from outside the EU will find recommended new legislation to grant residency to everyone investing in a property for more than €160,000 particularly attractive.

Chris Mercer, director of Murcia based Mercers, told PropertyWire that foreign customers have tended to control the market in 2012, mainly Belgian, French, Norwegian, Swedish, and a welcome revival of more British buyers during the last 3 months. Mercer is additionally seeing more interest from the Germans and Dutch.

Marbella centered Spanish Hot Properties is likewise predicted property sales to improve in 2013. Director Nick Stuart said that sales and turnover were up about 25% on 2011 and he predicts an improvement of 50% in turnover for 2013 over 2012. He is anticipating a great rise in sales to Norwegians and Swiss due to their currency being outside of the Eurozone, an additional reason that buyers from Asia and Russia will be interested in Spanish property. The Belgians, Dutch, Russians and Scandinavians currently regard Spanish properties as being good value for money.

In his own region, Stuart said British buyers should also see the pure value in property prices. “Genuinely many properties are half price, and I don’t think the Brits quite realize that. They used to reign over the market, making 60 to 70% of foreign buys, but were responsible for just 19% in 2011. At the same time purchases by Russians soared almost 28% from 2010 to 2011 and Chinese purchases by 7%. Let’s hope the British buying public wakes up and comes back to Marbella,’ he added.

Spanish estate agent Mercers keeps award-winning streak

Having won Greatest Real Estate Agency Spain (Four Star) inside the CNBC-sponsored European Property Awards twice in 2008 and 2009, this month Mercers obtained Best Estate Agent (Bronze) from the OPP (Overseas Property Professional) Awards for Excellence 2010. Amazingly Mercers was the only Spanish Estate Agent to get an award - a fantastic feat.

Chris Mercer, Overseer of the Murcia-based estate agents, remarks, “An Award evaluated by one’s peers is an honour to get and genuine recognition of the hard work and time which goes in our day-to-day business. I’ve already been selling Spanish residence for 28 years and even though it’s not abnormal or even complex, it’s the way we handle it at Mercers that sets us aside from the pack. We continually handle all of our purchasers with the highest respect as well as professionalism and the consequence is that a great proportion of our sales occur through recommendations. This is evidence that excellent traditional values and ethics are alive and well in the arena of Spanish estate agency.”

Chris proceeds, “We’re definately not becoming a ‘big agency’ although we're still reaching record sales during the worst downturn in the economy since the Great Depression. Not really content with only surviving, we’re rather grabbing a lot more and regularly reinvesting into the Company. An market Award from a major organisation like OPP will unquestionably fortify Mercers’ position in this particular competitive but exciting marketplace.”

Held on the combined Property Investor Show and OPP Live 2010 in London’s ExCel, the actual ceremony on 15th October had been very well attended by top business professionals coming from all over the world. OPP is regarded to be the world’s number one forum intended for property professionals and the Awards have got superior status within the industry. The scheme covers all elements of the industry from builders to lawyers, foreign exchange companies to estate agents and its principle focus is to reward and acknowledge brilliance. Judges applaud organizations as well as individuals who make an effort to provide excellent services and products and a win inspires confidence both internally and externally towards the business. All award entries are generally carefully checked out by a group of experienced judges, all of whom are recognised leaders within the market.

To find out more, visit spanishproperty.co.uk.

Foreign Real Estate Investors Favoring Spain

Rock-bottom property prices and political unrest in comparable destination spots in North Africa are attracting more international customers to Spain, according to one realtor in the Murcia region. Property firm Mercers expected a 25% year-on-year jump in sales in January and the 2013 sales regional record proves out the prognostication. Enquiries have not increased, but experts say the significance of them have and more leads are leading to sales. Meanwhile, Spain’s Economy Minister revealed he believes that growth could return to the market as soon as this year.

Sales momentum is building in most regions of Spain with one well-established agency reporting transaction activity up 25% in the first three months of 2013 compared with a year ago.

In January, Murcia centered estate agent Mercers predicted 25% increase in house sales for 2013 over 2012 and the results now back this up. ‘I can’t figure out exactly why our sales are up a lot, but momentum is unquestionably starting to build. It can’t be attributed to an end of year rush before VAT on new builds went up from 4% to 10% on 1 January, as each of our transactions have been resales,’ said director Chris Mercer.

Furthermore, enquiries haven't improved at the same level however those we have are definitely more significant, have the money in place and are generally intelligent enough to know that the window of opportunity on a significant Spanish property bargain aren't going to be open forever,’ he explained. He added that reviewing a slightly longer time period business is up practically 65% in comparison with the very first quarter of 2011.

The Mercers trend is mirrored overall in the Murcia market. Statistics from the National Institute of Statistics (INE) display sales of Murcian property were up 24.1% in February 2013 over the same month the year before, with 1,169 transactions completed. This is over the national figure of 17.3%.  Agents believe that foreigners are certainly partly responsible for keeping the Spanish property market going. ‘Prices at the moment are very low and, in our area, we are looking at reductions of 40% to 55% from the peak. This is certainly turning the heads of international buyers,’ said Mercer.

Based on the Banco de España, 2012 showed the highest volume of purchase of Spanish property by international buyers in eight years, up 17% on 2011. This is at a time when need continues to be weak on the domestic front as Spain tackles high unemployment plus an ongoing reluctance to lend by financial institutions.

The figures reveal that foreign buyers spent €5.54 billion on Spanish property in 2012, up from €4.7 billion in 2011, and a 52% increase on the €3.6 million of 2009. A break down from the figures show that property is increasingly becoming popular as overseas buyers bought €1.8 million worth of property within the last quarter of the year, a 56% in on the same period in 2011 and up 92% in the final quarter of 2010.

For Mercers, Belgian, French, Norwegian, Swedish and more recently British buyers have taken over in the last year with some restored interest from Germans and Dutch.

The general picture from Spain is perhaps more cheery than it has been for a long time. The bad bank (SAREB) has stated that it hopes to sell almost 42,500 housing units, approximately half its portfolio, over the next five-years in order to help supply a ‘floor and kick start a broad recovery in the Spanish housing sector. ‘Foreign demand has been increasing as a result of lower Spanish property prices and political unrest in competitor destinations in North Africa, making Spain appear to be a safe bet,’ said Mark Stucklin of Spanish Property Insight.

The official Spanish House Price Index from the Department of Housing fell by 10% in 2012, the 1st time since records began that Spanish property rates have fallen by double digits in nominal terms, according to the Department of Housing. Meanwhile the Economy Minister, Luis de Guindos, was recently quoted as saying that growth could return to the country as soon as the end of 2013.

A stunning home in good condition to provide a spacious lounge, dining area, kitchen fully fitted with white goods, two bedrooms with fitted wardrobes and a family bathroom. The property advantages from air conditioning, ceiling fans, fly screens and security grills. Beautiful views of the mountains and countryside from the rooftop solarium.


Growing sales and award win for Murcia estate agent

 

A Murcia estate agent has topped off a year of leaping sales with a win in the International Property Awards Europe.

 

Mercers happens to be called the "Best Real Estate Agency Spain" in the 5 star awards, after experiencing a September with the highest sales volumes since 2005.

 

In spite of the economic slump, customers from around Europe are nevertheless seeking to find a property in Murcia. Such as are British investors, who remain involved in the market.

 

Chris Mercer, director of Mercers, stated: "Like the remainder of Spain we have been affected by the crash, however house hunters are homing in on Murcia for many reasons."

 

He stated that prices in the region are "very attractive" presently, with homes at the bottom end within the range still bragging two bedrooms on a golf course.

 

The new Corvera Airport is also likely to be up and running by the Easter week in 2013, while a Paramount licensed amusement park might be opened in 2015.

Camposol  Property

Obtaining a home in the sun is a crave of most. The Camposol development on the Costa Calida in southern Spain is a highly affordable way of making that a reality. Camposol property has a lot to offer, with something for everybody, be it a low maintenance holiday residence or a villa with a pool for long-lasting residence.

About Camposol and the local area

Camposol is a big residential development in the Murcia region of Spain. A ten minute drive form Mazarron and its gorgeous coastline, Camposol is within a rural area. There are over 5000 homes here, some owner occupied and some holiday properties. The development has close to 3500 constant residents. As such a feeling of community has developed, with many social and leisure opportunities accessible. There are also plentiful amenities on site, including shops, restaurants, a medical centre and banks.

The local area has much to offer with nearby towns offering wonderful shopping and culture, and there are many lovely beaches just a short drive away.

Is now the right time to buy?

Analysis of the Spanish property market indicates that property prices may have bottomed out. 2013 so far appears to show sales picking up and prices slowly increasing again. However, it’s still awfully good value, with prices beginning at approximately 34,000 euros for a 2 bedroom Camposol property.

Acquiring a Camposol property

Planning controls in the Murcia region mean that there is no danger of the area becoming over developed as several areas of the Spanish coastline have been. As a result the region is popular with Spaniards and ex-pats alike for next homes, holiday homes and permanent residences.

When purchasing a property here, there are two essential choices. The first is to buy off plan. The advantages of this are that payment can be staged, making it simpler financially, and you can also be involved in choices regarding the finish of your home. The second option is to buy a resale property. Camposol property has much to offer, with properties to suit all requirements, from low maintenance terraced apartments, to large villas with private pools.

When purchasing in Spain you will require a lawyer to make certain all legal checks are done properly. A purchase contract lays out the terms as well as agreed price and deposit, the completion date and a declaration from both the buyer and seller that they are legally able to finish the transaction. Completion is carried out at a notary’s office, where signing of the deeds takes place and the balance of payment is made.

So if you’re looking for a holiday home or new lifestyle, Camposol property is worth considering. There’s an extensive choice of properties accessible, at really low prices. The Murcia region has so much to offer in terms of atmosphere, terrain and culture. Add to this the arrival of a new international airport to serve the region and a new theme park due to open in 2015, then investment now could be a wise move.

 Camposol Villas

 

 

 

 
What is Camposol

Camposol, which translated
is countryside in the sun, is a significant countryside development based around an eighteen hole golf course. The development has over five thousand residential properties, a hotel and spa complex, numerous stores, cafes and places to eat, together with key services for example a health centre and banks. Camposol is great for both a second home and holiday house, or for full-time residents. There's an array of homes to choose from, from low upkeep apartments to sizeable villas with private pools. Presently there are about 3500 long term residents, primarily British, but in addition a fair amount of Spanish and Europeans have properties here too. Mainly because of the substantial amount of permanent occupants a real community has evolved, with a selection of clubs, charities and social clubs having been set up.

Exactly where is Camposol?

Camposol
is located in south east Spain, an hour south of Alicante in the province of Murcia. The development is positioned in a valley surrounded by hills and rugged mountains, merely 10 minutes drive from the unspoilt town of Mazarron and it's several beaches. Close by there is also Murcia city, with a historic old town centre and ideal for shopping.

Getting there

There's two large airports close by, Alicante is just more than an hour away, and San Javier is only 45 minutes drive. An additional airport is set to open close to Murcia city. The area also has excellent motorway links to the rest of Spain and Europe.

Weather

This region of Spain has more than 3200 hours of sun annually, with an average temperature throughout the year of 20 degrees Celsius, climbing to 25 in the summer. The valley location of Camposol makes sure that the mountains either side supply defense against any winds, meaning you're just left with a pleasant ocean breeze.

Real estate

Camposol villas
are very great value and a superb potential long-term investment since the Costa Calida coast is comparatively undiscovered, especially if compared to the Costa Blanca and the Costa del Sol.
Property ranges from small terraces with courtyards, to villas with swimming pools on large plots. They are all constructed with curved lines and clear forms, meant to produce a harmonious and calming ambiance.

Camposol villas
start off at around 100,000 euros, which can get you a 2 bedroomed terraced villa with 1 bathroom and a roof top solarium. At the opposite end of the scale is a four bed villa with private pool available in the region of 300,000 euros.

Camposol has
a good deal to offer with regard to lifestyle, with its superb all year round weather, shopping, eating and recreational opportunities, not to mention terrific value property, all within easy reach of the beach and ideal transport links. Perhaps your next home could be one of these Camposol villas?

Paramount Murcia

 

 

Paramount Murcia “The park will be launched in 2015. “
Wednesday, March 13th, 2013


Paramount Murcia Entrance


Paramount Park information continues this week as the Minister of Tourism and Culture, Pedro Alberto Cruz, expressed yesterday during the presentation of the Easter Mining Union, the prospect of the Paramount park “I speak with full knowledge of what I say.”
He confirmed that the start of construction was delayed by two months, which was due to the permission of the City Council special plan Alhama. “In about two weeks, work will start.” when asked concerning funding, Cruz said that both the leaders of Paramount as the local promoter, with that I meet weekly, are calm, “Jesus Samper has several alternatives for raising the necessary funds.”
Those responsible for the multinational park are committed to the expedition of the project in Alhama, “The park will be launched in 2015. “
It seems the first step of this project becoming actuality is just around the corner, literally.



Paramount Theme Park Murcia Spain.

The exciting assembly in Alhama de Murcia Spain might be only 2 years away with the construction of a Theme Park by Paramount to rival Disney in Paris. The initial was stone laid on May 31 2012, ground was broken for the planned Paramount Theme Park and Lifestyle Centre.

The Theme Park will be set up on land North West of Cartagena only 25 miles from San Javier Airport. The correct specifics of the Paramount Theme Park have yet to be issued but one thing is for certain it will be a large advancement. It will benefit the local economy; estimates are that it will forge around 20,000 jobs for the public. Up to 15000 rooms will be needed to cater for the holiday makers. Not only will Paramount Pictures produce a theme park but they will additionally gather all European film production at the park. Current estimates are that it will allure an predicted 3 million extra visitors to the vicinity a year. If all goes to plan it will be available in 2015.

Why is the Murcia region such a great place to holiday. One of the large attractions is a lot of sun, lovely sandy beaches in easy reach, affordable residence and good transport links. You can centre your holiday on the beach with miles of BLUE Star beaches on the Mar Menor at Lo Pagan, Santiago dela Ribera, Los Alcazares and merely 25 minutes away from the Paramount Park or inside just 45 minutes you have all of the fabulous beaches at Campoamour, Cabo Roig, La Zenia, Playa Flamenca, Punta Prima, Torrevieja, La Mata, Guardamar and La Marina.

Recruitment will begin towards late 2013 for the major management of the facilities, then into 2014 for the staff that will be conducting at the facilities on a daily basis, with a priority being given to the residents of Murcia and Alhama. Recruitment is likely to begin via the internet, as well as a intent constructed office on the site, as interest is predicted to be large.

The value of property in the region is expected to start to crawl up once the first stone is put in place, meaning that there is just a short window of time left to snap up a bargain property in what will become one of the biggest and most beautiful tourism and investment areas in the whole of Spain.

For those which love their golf, just slightly inland, but still inside easy access to the beaches and Paramount, are places like Los Alcazares golf, Roda golf, Las Ramblas golf, Campoamor golf, Villamartin golf and La Marquesa golf which is part of the exclusive Ciudad Quesada and many, many more all just minutes away from our office in Benimar and our office in La Siesta, El Chaparral and San Luis so if you are considering obtaining a property in Spain, because of their future rental and growth, the investment potential here, due their proximity to the beaches the golf and the fresh Paramount Theme Park makes these properties excellent value for money.

Murcia Villas

Back in January, Murcia-based estate agent Mercers boldly delivered a estimated 25% boost in house sales for 2013 over 2012. With quarter 1 proving exactly that, up 25% for the initial three months of 2013 when compared with 2012, the prediction is on course to turning into reality.

Chris Mercer, Director of Mercers, says, "I can't identify precisely why our sales are up so much, but impetus is certainly beginning to build. It can't be attributed to an end-of-year rush before VAT on new builds went up from 4% to 10% on 1 January, as all of our sales have been resales. In addition, enquiries have not grown at the same level but those we have are certainly more serious, have the funds in place and are intelligent enough to recognize that the window of opportunity on a serious Spanish property discount isn't going to be open forever. Finally, compare Q1 2013 with Q1 2011, and Mercers' business is up almost 65%, quite some margin. Needless to say we're revelling in the positivity."


The Mercers trend is replicating the Murcia market. Information from the National Institute of Statistics (INE) show sales of Murcian real estate were up 24.1% in February 2013 over the same month the previous year, with 1,169 deals settled. This is higher than the national figure of 17.3%. Foreigners are certainly in part responsible for keeping the Spanish property market functioning.


Chris continues, "Prices are at this moment really low and, in our area, we're seeing reductions of 40% to 55% from the peak. This is turning the heads of overseas buyers. According to the Banco de Espa?a, 2012 revealed the highest level of investment in Spanish property by overseas buyers in 8 years, up 17% on 2011. This is great news as interest continues to be weak on the domestic front as Spain deals with high unemployment and an on-going reluctance to lend by lenders. For Mercers, Belgian, French, Norwegian, Swedish and more lately Uk buyers have dominated during the last year - with some restored interest from Germans and Dutch. Without them, Spain's property market would have been in a far sadder state."


The general picture from Spain may very well be a lot more cheerful than it has been for a while. The bad bank (SAREB) reveals it hopes to sell almost 42,500 housing units, around half its collection, over the up coming five years in order to help produce a "floor" and reactivate a wide recovery in the Spanish property market. Meantime the Economy Minister, Luis de Guindos, was just recently quoted as stating that growth may well return to the country as quickly as the end of 2013.


Available for sale

Ref NED99 - Neptuno Villa, Camposol Golf, Mazarron, Murcia

Among the best 3 bedroom three bathroom Neptuno style villas on Camposol Golf - immaculately taken care of, on a large 647m? plot and with lots of extras.

At ground floor there's a living room with fire place, dining room, kitchen fully fitted with white goods, master bedroom with en-suite bathroom and a second bedroom with additional shower room. Connected via internal stairs, the third bedroom is on the first floor and has an en-suite bathroom and French doors to a rooftop solarium with breathtaking mountain vistas.

Outside the plot is split into a swimming pool area and a garden area. The former is completely tiled, has a good amount of sunlounger space and the 9m by 4m swimming pool has an outdoor shower alongside. The garden is low upkeep with fully developed trees set in gravel on an automatic irrigation system. A conservatory at the front of the house is perfect for taking in abundant winter sun whilst a considerable underbuild may be used for storage. There is a bbq area outside, plus front and back access and a tiled driveway.

The property comes fully equipped, has air-con, a solar-powered hot water heating system, security grills at all windows, internet access and satellite TV.

Camposol Golf has an 18-hole course, four star Spa hotel and several shops, restaurants and bars on site which includes an opticians, vets, medical centre, hairstylists and a weekly market. The blue flag beaches and marina of Mazarron are within a fifteen minute drive.

Three Bedrooms, Three Bathrooms


Price - 185,000 euros (approx 159,400 GBP)


Contact Mercers Costa Calida on  00 34 968 199 188 , UK Local Rate  0845 017 7805 , email sales@spanishproperty.co.uk or visit www.spanishproperty.co.uk

 

Overseas Visitors to Murcia increase 8.1% - Way Over National Average

Murcia accepted 342,054 international tourists within the first seven months of 2013, up 8.1% on the same period in 2011. 25,589 more visitors have so far preferred the area for their vacations in 2013, with the French and British leading the charge.

Chris Mercer, Director of Murcia-based estate agent Mercers, is contributing the great news to a rather effective year so far. “Last month we announced that Mercers had accomplished 70% more residential property sales within the first half of 2013 compared to the equivalent timeframe in 2012,” says Chris, “and it seems this positivity expands from the real estate industry to the tourist industry. Not only has Murcia enjoyed a bumper year, but Spain in general received 34 million foreign tourists - up 2.9% on 2012 and officially a new Spanish record. What’s more, they’re spending more money - 6% higher than 2012. Extremely good news for any country that relies heavily on tourism to fuel its economy.”

According to data from the Government’s official tourism statistics department, Frontur, Murcia’s 8.1% increase is well over the national average of 3.9%. It only comes second to the neighbouring region of Valencia which experienced a growth of 11.8%.

For July, the UK was Murcia’s significant supply of visitors with a 2.8% increase over 2012 adding 50.1% of foreign arrivals to the region. The French took an 11.4% share, a considerable 15.4% rise over July 2012. In the mean time the Nordic nations of Denmark, Finland, Iceland, Norway and Sweden supplied Murcia’s third greatest supply market for July at 10.6%, an increase of 15.1% over 2012. By far the greatest improvement at 45.8% came courtesy of German, Dutch and Belgian visitors, each taking around 8% of the total. Russian arrivals were up six fold but figures are small in comparison.

Looking at Spain in general, July smashed all previous records with the arrival of 7.8 million foreign tourists, 321,000 greater than in 2012. Russians once more staged the greatest rise, 30% year on year, with the Nordic nations at 18%. Catalonia, capital Barcelona, is Spain’s biggest draw receiving 25.8% of all visitors to Spain. Imbalances in Tunisia, Turkey and Egypt is believed to have led to Spain’s extraordinary tourism success.

For the price of several family package holidays, this two bedroom one bathroom Clasico-style terraced villa is offered in immaculate condition (Ref CLAC100 - Clasico Style Villa, Camposol Golf, Mazarron, Murcia) for just 47,995 euros (approx 40,990 GBP).

Priced to sell, the home is fully furnished, has satellite television and a small front garden with citrus trees along with front and back patios - the previous south facing for year-round sunshine. A real bonus is the rooftop mountain-view solarium with built-in barbecue accessed from stairs on the rear patio. Storage space for sun loungers can be found up here with more storage created underneath the access staircase. Inside the living room has a feature flame effect fireplace, the kitchen fitted with white goods, both bedrooms have built-in wardrobes and the bathroom has a shower over bath.

Built area 92m², two bedrooms, one bathroom
Price - 47,995 euros (approx 40,990 GBP)

Or how about an extremely cheap property for only 35,000 euros (approx 29,800 GBP) that should be priced 15,000 euros greater than it really is, but in necessity of an urgent sale (Ref RED105 - Terraced Villa, Camposol Golf, Mazarron, Murcia). Never been lived in yet already partly furnished, the terraced ‘Rebecca’-style home requires a little cosmetic attention and it’s your blank canvas for holiday living. To the front is a sizeable full-length open terrace with pergola and there's a similar terrace to the rear with stairs up to a third considerable roof terrace. Inside is a favorable lounge with dining area, fitted kitchen area and two double rooms both with fitted wardrobes. The family bathroom includes a shower over bath.

Two bedrooms, one bathroom
Price - 35,000 euros (approx 29,800 GBP)

Camposol Golf has an 18-hole course, four star Spa hotel and many shops, bars and restaurants on site as well as an opticians, vets, medical centre, hairdressers and a weekly market. The blue flag beaches and marina of Mazarron are within a 15 minute drive.

Contact Mercers Costa Cálida on 00 34 968 199 188, UK Local Rate 0845 017 7805, email sales@spanishproperty.co.uk or visit http://www.spanishproperty.co.uk/

Amusement Park urges Hamiltons to double their Spanish property investment

When the Hamiltons acquired their own holiday home in Camposol Golf on the Costa Cálida six years ago, they had no aspirations for collecting a property portfolio. Nevertheless, combining Barry’s forthcoming retirement and reports of a Paramount-branded Amusement Park prompted them to benefit from the current buyers’ market and buy another home in Camposol Golf.

Barry (51), from County Antrim in Northern Ireland,
picks up the tale, “Spain was a distinct decision for us as it’s just a few hours by direct flight from Belfast, possesses remarkable infrastructure, a welcoming society and its culturally not too dissimilar from the UK. We didn’t, however, wish to make the error of buying in a built-up Torrevieja or even a condensed Costa del Sol so as an alternative selected the up-and-coming area of Mazarron for its golf, countryside and desirable coastline. After six years holidaying at the house in Camposol Golf we’ve had no
regrets.”

“I’m due to retire this year from my
role in Health Care Management and we’re keen to enjoy as much as nine months annually in Spain.” Barry carries on, “Our youngest, Lewis, 14, completely loves the Spanish life so would possibly attend one of the exceptional local schools and gain the asset of becoming proficient in a foreign language. When news came of a Paramount-branded Theme Park for 2014 along with the opening of Corvera Airport in 2012 - both not even half an hour’s travel from Camposol Golf - it became clear that we really should put money into another property. Current selling prices are generally remarkable and we’re seeking to pick up worthwhile Paramount-fuelled rental earnings
in the long-term.”

The Hamiltons
now own a 3 bedroom ‘Rebecca’ design home purchased in 2005 for 68,000 pounds (about 98,000 euros back then) and a two bedroom detached ‘Fortuna’ style home together with conservatory along with swimming pool invested in this year for 108,000 euros (close to 96,000 pounds). Nonetheless they were mindful to not part with any money without first undertaking considerable research in to the Spanish property industry and indeed the property agent that they chose to do business. In the Hamiltons’ situation, Mazarron-based Mercers on both instances
.

Barry
continues, “Buyer keep in mind, there are various housing companies around showing off their wares on the internet however I found plenty to be showing overpriced homes of inferior quality in unfavorable areas. With Mercers, properties were valued accordingly, based on the fact they have 28 years knowledge marketing Spanish property, and we found the buying and legal process to be easy and uncomplicated - they were nothing but precise. Finally, don’t part with significant sums of money to a company you meet once in a hotel room and then sends you on a urged observing trip. Mercers has a fixed
office in Camposol Golf, allowed the property to sell itself and our only regret is we didn’t buy our slice of Spanish sunshine sooner.”

Epilogue…
Actually Barry was so impressed by the way that Mercers conducted themselves that he has approached the business
to be their Northern Ireland representative upon his retirement.

Chris Mercer, Director, comments, “I have
always attempted to build a team based on real people who have also acquired property through us. This shows a degree of trust and integrity that most agents overlook and is something which has earned us numerous awards. If the team member has actually purchased a property through Mercers, been through the entire Spanish purchase procedure and is willing to represent us moving forward, then potential buyers will know that they’re in safe trustworthy hands. With Barry leading the team in Northern Ireland, not just are possible buyers speaking with a person who has bought two properties but they’re also working with a person who has accumulated six years of Spanish property ownership experience. Barry is very familiar with the area and can advise based on
genuine understanding.”

Chris will be joining Barry in Northern Ireland this autumn
to attend a number of exhibitions highlighting the spectacular low-price property opportunities on the Costa Cálida. If you’re in Northern Ireland contact Barry on barry@spanishproperty.co.uk and for other
, visit spanishproperty.co.uk.

On the Market for Just 59,950 euros:
Ref RED77 - ‘Rebecca’, Camposol Golf, Mazarron, Murcia

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