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ARCHIVED - October property sales in Murcia again buck the national trend and rise slightly
The level of activity in the Costa Cálida real estate market is close to its highest for 9 years
This Friday saw the publication by the government’s central statistics unit of the residential property sales data for October 2019, showing that the number of transactions was lower than last year at for the third consecutive month, but in the Region of Murcia the opposite was again the case.
Following a slump in most parts of Spain since the summer it appears that a ceiling may have been reached in the level of activity in the market nationwide, but in Murcia the October data show another moderate increase of 3.4 per cent to 1,537 sales. As a result, after ten months of 2019 the cumulative total of property sales in the Costa Cálida has reached 1.6 per cent more than at the same stage in 2018 (at 14,289).
At the same time, the running 12-monthly total of transactions registered in Murcia stands at 16,668 (3.2 per cent higher than a year ago), meaning that there has been an increase of as much as 79 per cent since the market bottomed out in August 2014.
Meanwhile, the running 12-monthly total in the whole of Spain is now at just under 504,000 (2.2 per cent lower than a year ago).
Unusually, the region with most sales per 100,000 inhabitants of property-buying age during October was not the Comunidad Valenciana but La Rioja, with a figure of 153, while the Region of Murcia was third on the list (after Valencia) with 134.
To view a wide range of properties for sale across Spain consult the Spanish property page.
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