Demand for property in Murcia has surged by 78 per cent this year, according to overseas property portal TheMoveChannel.com.
Murcia has often been heralded as the best-positioned region in Spain for recovery thanks to the new international airport and Paramount theme park, but interest from investors is also climbing, according to TheMoveChannel.com, with enquiries between March and May this year now 78 per cent higher than the three months from December to February.
The increase in interest follows official figures that show sales across the country have risen by 21.9 per cent in the first quarter of 2012 compared to the end of 2011. This boost in sales was attributed to Spain's lowering of house prices, making investment even more affordable for overseas buyers.
And a development launched this week in Murcia's most-visited golf resort is set to make sales climb even higher.
Las Lomas Village, with prices below 50 per cent of the market's peak value, is a chance for investors to make the most of the high yields that come with having La Manga Club next door. Owners are guaranteed 35 per cent of the gross revenue for the village, explains the development's agent, UK Murcia Investment, while operating costs are covered by management. In addition, buyers get 30 days usage per year at no extra cost.
As well as La Manga Club's famous fairways, Las Lomas boasts its own golf facilities, plus 8 football pitches, 28 tennis courts, a hilltop spa, swimming pools and an on-site beach.
Released directly from the bank, the heavily discounted apartments (both studio and two-bedroom) are eligible for up to 100 per cent financing, meaning that a total capital outlay of only 12,000 to 15,000 euros is needed to invest.
Too good to be true? Not so, says UK Murcia Investment. Even TheMoveChannel.com's Managing Director Dan Johnson has decided to invest.
Johnson explains why the deal turned his head: "As a fan of sports, sunshine and the odd glass of sangria, these fantastic properties at La Manga tick all the important boxes for me. Dig into the deal and it just keeps getting better and better. A solid management package delivers good rental income from day one, while a really generous usage scheme lets you regularly enjoy the resort with family and friends."
"I have no hesitation in recommending this deal," Johnson adds. "I'm even buying a unit myself."
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