Cost of buying a house has increased by 22% in Murcia
The cost of buying a house has increased nationally by an average of 11.7% and in the region of Murcia by over 22%.
The average mortgage is now 145,313€ and the cost per square meter has risen in ten years from 570€ to 1841€.
Barcelona is the most expensive area to buy a home, the average price being 190,525€ and in Madrid 189,922€. The cost in Teruel, Avila, Badajoz or Caceres would be half that price. Price rises varied greatly with some extreme increases such as 45% in Cordoba.
Murcia and the Canary islands have the greatest number of mortgages although the highest values were in Madrid and the Basque country.
All this means that the cost of buying a flat in Spain is on average the equivalent of nine years average salary despite predictions of a fall and several million more houses are expected to be built over the next five years.
This text is taken directly from an English Language Newspaper and with their express permission – January 2007
More information: ADS-Property: Properties in Murcia/Costa Calida
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