Airport to drive up house prices in Murcia, Spain

May 07, 2008

The Spanish city of Murcia could be set for a property boom once its revamped airport is up and running, experts have suggested.

According to the Telegraph, Corvera Airport is currently undergoing a major upgrade and should be fully operational in two years time.

The newspaper believes that the opening of the facility could lead to growth in the local property market, as the introduction of new flights should boost international interest in the region.

However, house prices in Murcia are currently much cheaper than in many other parts of Spain.

This means that people who enter the market early could stand to collect considerable returns when the market experiences its anticipated growth.

The Telegraph observed: "Property prices in certain 'emerging' parts of Spain compare favourably with newer rivals such as Cape Verde and Bulgaria."

According to A Place in the Sun magazine, Spain is currently the most popular location among overseas property buyers in the UK.

For an extensive choice of new and off plan property for sale in Spain on the Costa Blanca and Costa Calida, visit the Novocasa website.