Murcia Property Market?

Hi All....

I'm considering purchasing a property with Polaris World but since I'm new to this whole thing I'm looking for some opinions & to tap into the wealth of knowledge on this forum!!

My main question is on the med/long term prospects for the Murcia property market....does this area represent good long term growth? Does anyone have any idea how much the market has grown in last 3-5 yrs?

Thanks....Ray

Hi Ray

We purchaaed a 2 Bed detached property , off plan, at Sierra Golf nr Balsicas, Murcia in June 2004 for 152000  euros.  New properties on the developement have recently been sold for£186.000 euros. However  someone who has applied for a mortgage for the same type of property we purchased has been told by their bank that the property has been valued at 220.000. Check this out on the Sierra Golf forum. Hope this is of some help

Regards

Pat