The Price Of New Housing

The price of new construction has not risen so much in the Region of Murcia and the rest of Spain. According to the latest data from the Society of Taxation, the average price of newly built housing developments in our region is set at the end of the last quarter of 2007 to 1682 euros per square meter, representing an increase of 4.3% over the same period in 2006. This means that the price of newly built houses has grown less than in the rest of Spain, where this increase has been 5.1%, ie 0.8% above the figure recorded in the Region of Murcia . The autonomous communities in which more has raised the price per square meter have been Catalonia, Valencia and Aragon, with increases of 8.5%, 7.9% and 7.6%. By contrast, more moderate promotions have taken place in Navarra and the Balearic Islands, with promotions that barely 1.8%.

Prices of new development in Murcia The Murcia Region, a newly built apartment cost in the last quarter of 2007, average of 168 200 euros, 1.5% more than the value recorded in June of the same period, a relatively lower than that found in cities such as Barcelona, San Sebastian and Madrid, where to buy a home had an average cost of 454 300, EUR 406 100 and 397 100 respectively. Within the Region, the most expensive stocks in the last quarter of 2007 to buy a new building housing, according to data from the Society of Taxation, were Cartagena, San Javier and San Pedro del Pinatar, with an average price of 1812, 1804 and 1,767 euros per square meter, followed by Murcia (1,682 per m2) and Lorca (1552 per m2). On the contrary, municipalities were cheaper Yecla and Jumilla, where the price per square meter stood at 1 430 and 1,182 euros respectively. The Appraisal Company provides that in 2008 the price of housing, both in primary residences, and in the tourism and second homes, is stable, with increases in the setting of IPC. In the Region of Murcia, according to the Society of Taxation, price in new housing will also be maintained.