Murcia looks set to be the next big destination in Spain as rising number of people want to consider their investment options here with real estate firms revealing enquiries about properties in the Spanish region are outpacing those for other destinations.
Steve Long, chief executive officer of CasaCalida Property Group, has highlighted several attractions that make the Spanish region stand out which includes Europe's largest shopping mall, a new continental airport and the proposed development of the Paramount theme park. In addition, there are plans to construct a business and leisure complex on adjacent land to the theme park. There are quite a few developments on the market in the area, which means demand will far offset supply should the estimated visitor numbers - five million tourists each year - for the new theme park prove to be correct.
Jon Ainge, Director of International Property Success said that there are numerous reasons why investors should consider this part of the country, including the construction of a new Paramount theme park. "Building is to start in May and we expect demand for property to increase as a result," he stated. The company highlighted figures from a study conducted in Dallas in the US in 2001, which revealed that properties facing a theme park cost 22 per cent more than equivalent properties further away from the attraction.
Although Murcia is an appealing prospect for investors seeking properties in Spain, Mr. Ainge urged interested buyers to be selective about the assets they purchase. He highlighted five-star resort properties as "the best places to invest".
Meanwhile, Chris Mercer of local estate agent Mercers told Propertywire that property prices in the region could rise significantly once the park has been finished. He highlighted the fact that prices in the area have reached their lowest point and highlighted the potential for rental opportunities to accommodate the needs of both employees at the park and those visiting it.