Property prices in inland Murcia
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We have bought an off-plan villa near Calasparra in Murcia which is due to be completed in April 2007. I noticed that prices for this development have not increased now the new phase is available off-plan. There seems to be conflicting reports on the web and in magazines about the property market in in-land Murcia. I read in one mag this month that they had dropped 3 per cent while another web-site said gains of 25 per cent can be expected in this boom area, especially when the new airport opens. What do you think?
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Le Tissier
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I dont know specifically about inland Murcia but I am always sceptical of anyone suggesting those sort of increases. We arrange mortgages throughout all of Spain I can tell you that bank valuations in Alicante, Murcia, Costa Blanca on coastal apartments have sometimes been struggling to meet off plan purchase prices in the last 12 months from what I have seen. Have a look at this board tomorrow as I am going to post a general message about bank valuations.
Rgds
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Smiley - patrick@marbellamortgages.com www.marbellamortgages.com www.comparetravelcash.co.uk
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Hi Smiley
Have you posted your message yet regarding bank valuations,I`am I looking on the right topic board or is it on another board .
Thanks
Davey
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