Murcia offers investment opportunities

Thursday April 3rd , 2008

Overseas property buyers could find a number of good investment opportunities in Murcia, a newspaper has suggested.

According to the Telegraph, the region's property market is expanding at a considerable pace and is likely to keep growing.

The rate of house price inflation in the area was compared favourably with a number of emerging markets in other parts of the world, such as the Cape Verde islands.

This means that investors could potentially make a considerable profit should they come to sell up after their property has increased in value.

Commenting on the current state of the market, the Telegraph said: "Murcia has growth potential with the significant upgrade of its airport, Corvera, due to be ready by 2010."

The newspaper added that high-end properties such as luxury four-bedroom villas are still relatively cheap, with some priced for less than £200,000.

This comes shortly after the Independent encouraged prospective buyers to keep an eye out for possible bargains in the Spanish market.