Prices Skyrocket
THE cost of housing continues to rise in the Region of Murcia, with second-hand property prices increasing by 23.1 per cent over the past year, according to data from Fotocasa. This marks the second-highest annual increase among Spain’s regions.
Regional price trends
In June, the average price per square metre in the region reached €1,711, 8.4 per cent higher than three months ago and above the national average rise of 7.4 per cent.
City of Murcia sees steep rise
In the city of Murcia, prices rose by 11.1 per cent year-on-year to €1,861 per square metre, and by 5.7 per cent in the last quarter alone.
Spain hits 20-year high
Nationally, Spain recorded its sharpest second-hand housing price increase in 20 years, with a 14.9 per cent rise compared to June 2024. The national average price now stands at €2,673 per square metre.
Demand outpaces supply
Fotocasa says the main cause is the ongoing imbalance between supply and demand, with demand reportedly four times higher than available supply.
Leading regions and most expensive areas
All regions saw price increases this quarter, with Andalucía, Valencia, and Murcia leading the way. Baleares remains the most expensive, topping €5,000 per square metre.
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