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Murcia reigns in Spain

Monday, March 01, 2010

Source: Catherine Deshayes

New figures have revealed positive growth in one of the most populous of Spain's autonomous regions.

According to Facilismo.com, Spain's number one property portal, Murcia has posted the highest house price rises of all the nation's autonomous regions at 0.24%. This makes it one of a select quartet of communities showing positive growth in January 2010 with Valencia in second at 0.11%, Cantabria third with 0.09% followed by the Basque Country with 0.06%.

Constantly surveying their listed properties, and with almost seven million visitors to the portal in November 2009 alone, Facilismo.com is as well-placed as any expert to make this claim. The bigger picture is slightly less rosy with overall prices falling 0.28% for January, but still a marked improvement on a fall of 0.57% for the same month in 2009.

Chris Mercer, Director of Mercers real estate agent operating in the Murcia region, comments, "This shows a comforting trend towards a stabilization of the market and the prospect of further prices rises, at least in Murcia, over forthcoming months. I'm adamant that this market is the most price sensitive I have seen in 27 years dealing in Spanish real estate and this is why Murcia is emerging strongly. From our Mazarron office we can offer a range of sub 100,000 euro properties, some detached on private plots, and they're attracting plenty of buyers for obvious reasons."

Source: www.Mercers.co.uk