Murcia Invests Out of Downturn and Into Tourism Upturn

Economic downturns always have negative consequences but their effects are not always wholly bad in the long run. As business gets increasingly competitive, the importance of staying ahead of the game becomes an ever greater priority. When it comes to the travel and tourism industry, the importance of attracting new and existing customers can act as a focus for action in difficult times. The cloud of downturn may result in the silver lining of a better managed local tourism industry, easing short term difficulties and enabling significant benefits over time.

Such is the thinking of the authorities in the Spanish province of Murcia, who have decided to invest large sums to improve and modernise transport infrastructure in the area. In addition to the economic benefits of increased spending like higher employment, it is expected the improvements being made will boost tourism trade in the long term. One of the key aims of Murcia’s local government is to increase access to the area, located in south east of the country on the Mediterranean coast.

Although the authorities are not complacent about the various attractions on offer throughout the province, they believe their most important and pressing task is to improve the logistics of travel, making entry, exit and movement within easier. This will greatly help and support their efforts to improve visitor numbers and improve the experience visitors to Murcia will have. Although things to do in the sunny province are wide in range, the authorities have concluded that they will not be sufficient on their own unless better and easier transportation is made available.

As attractions are spread throughout the 4,500 square mile area, infrastructure improvements leave no transport mode or area neglected, spanning road, rail and air. Culturally, the province boasts museums, monuments, exhibitions and theatres. Being a seaside area, there are beaches, spas, footpaths and caves as well as architectural areas. Sporting facilities also include golf courses, enable water sports such as yachting and also allow adventure tourism. In addition to restaurants, cinemas, casinos and bullrings there are also an array of shopping centres and markets. A dedicated and concerted effort to improve access to these attractions will be vital to the continued and improved success of the Murcian tourism industry.

200 million Euros will be spent from central Government funds on improving motorways running through Murcia. In addition, the provincial Government is spending 8.7 million Euros improving roads linking the port town of Campo de Cartagena with the Mar Menor lagoon, home to the greatest natural lake in Spain.

One of the key reasons behind the improvement to the road network is the new airport being built at Corvera, 20 miles from the coast. Murcia airport, a 266 million Euro project, is under construction right now and is expected to be fully operational by winter 2010. The large amount of money being invested illustrates the importance the authorities attach to the role of air transport as part of the regional travel industry. The existing airport, situated further away, has shown a year on year increase in passenger numbers of over 20 per cent. It is hoped the new airport at Corvera will be better able to serve the tourism needs of the region as a whole, largely aided by the recent and ongoing road improvements.

Added to road and air is rail. The planned new AVE network, which stands for ‘Spanish High Speed’, already runs trains in parts of the country at speeds of up to 186 miles per hour on dedicated track. The ‘Mediterranean Arc’ phase of this national rail project will connect the capital Madrid with Valencia, Alicante, Murcia and Almeria and is expected to be completed in 2009. The replacement of dilapidated cars with new, high speed trains will boost passenger numbers and cut journey times, enabling better access to the area and other parts of the country.

Such improvements to Murcia’s accessibility will boost visitor numbers, local tourism trade and demand for accommodation in both the short and long term. Mike Hamilton, Sales Director of local developer Casas de Lorca comments, ‘The improvements to transportation around Murcia are hugely important to the continued and growing success of the area as a tourism destination. These developments will ensure increasing numbers of people will be able access the rich plethora of history, culture, attractions and activities that characterise the province. Over the next few years the effect on sales and rental demand for property and accommodation in towns such as Lorca will be profound, not least because it will be even easier to get to and from.’

Lorca is found in the Spanish province of Murcia and is a town full of cultural and historical features including museums, churches and a castle. Lorca is called the city of the sun and has many leisure facilities such as a theatre, cinema and hosts many concerts and festivals throughout the year.

The Casas de Lorca villas are only a twenty minute drive away and the location of these villas enables stunning panoramic views of the surrounding countryside. Each classic designed villa has an astonishing 5 acres of land which brings to Spain a new concept in real privacy and lifesytle. There are three airports within an hours drive and high speed trains mean links to Madrid are very popular too.

Casa Cordoba is a classic Andalucian styled 3 or 4 bedroom villa uniquely built around an internal glass walled courtyard. The views through the living room and the high tower fill the villa with lots of light and provide stunning views of the surrounding countryside. Prices start from £236,900 / €319,000.

Murcia - Costa Calida Property For Sale

We at Costa Calida Direct have been selling properties in and around the Murcia region for the past five years, offering quality build properties to ex-pats – helping them find the perfect home for their required needs. Whether it be an inland country property in the rural areas of Murcia or along the coast where the beautiful coastal towns and villages are in large demand, due to its beauty and of course price!

In the early years of the Spanish property boom Murcia was some what overlooked by property developers as the Costa del Sol and Costa Blanca flourished – being seen by potential property buyers as the two main regions to purchase a property in Spain. However, now the Costa Calida is enjoying a new lease of life – with huge investment in the area. Murcia has recently acquired massive new shopping centers which is supposed to be the largest in Europe (until the next one is built!), the San Javier airport is growing along with the amount of passengers that past through its gates each year, towns and villages are able to take advantage of new trade and monies that are being pushed through the area – and due to it being in a relatively new stage of change with all the new construction and new residents of the area the is a huge demand for new business to help supply the demand.

New business is in desperate need with so many of the new residents of Murcia being of different countries such as the UK, Germany, Sweden, etc – bringing services that are of need to the different nationalities of the region is of great importance.

So if you are looking to move to Spain and start a business and work for yourself, Murcia has so many gaps in the market for new arrivals to take advantage of and benefit from.

The city of Murcia is a beauty typical Spanish city with great architecture and a splendid history dating back to the 7th century.

Murcia has for some time benefited hugely economically from its citrus fruit farming and other food industries which not only supply the whole of Spain but also other countries throughout the world.

In general Murcia is still very Spanish in all ways, although there is a new presence of foreign residents Murcia has a very Spanish population, the way of life has not changed – very laid back and a slow, great food and tradition with many fiestas.

The state is also the driest region of Spain, the years average for days of sunshine is over 300 days a year which is also a massive plus for those that are seeking to rid themselves for the poor British weather, with an average low of 16°C and a high of 34°C average Murcia enjoys in general the best weather in Spain. In fact the Spanish record high temperature was recorded in Murcia – an extremely hot 47.2°C on July 4, 1994.

Murcia has a wide range of different areas along with different types of properties which provide a variety for house hunters. You can find some great bargains on properties on the market within the region, to the north and west of the area rural properties: ruins, country houses, farm houses, plots of land and even new developments now. To the south and the coast, stunning luxury villas and apartments, golf developments such as Polaris world, coastal apartments and townhouses.

We have a varied portfolio of properties available on the market which are reasonably priced and of quality design and build, new and resale properties – and some great properties for those whom are looking for a long or short term property investment in Spain.

For more information on how Murcia could benefit you and a professional Real Estate agent company contact us today.

Magnificent Murcia - The Undiscovered Spanish Holiday Hotspot

Just when you thought that every aspect and area of Spain had been explored, every secret delight of this stunning European nation had been uncovered and that each pristine beach, vibrant city and cultural and historic sight had been seen, the Spanish authorities announce that a brand new international airport is to be constructed in a hidden corner of secret Spain.

This new airport will open up the skies and indeed the entire region of magnificent Murcia to a global audience, revealing a brand new holiday hotspot in one of the leading travel and tourism destinations in the world for us all to explore and enjoy.

The autonomous region of Murcia is tucked away in a lesser known and once secluded part of south-eastern Spain. It has a fabulous Mediterranean coastline, an enviably attractive climate, a vibrantly exciting regional capital city, the largest saltwater lake in Europe, a wealthy cultural heritage, property prices well below the national norm and now, emerging and soon to be booming tourism and real estate markets.

If you’re seeking a brand new Spanish holiday hotspot or if you’re looking for a corner of Spain in which you can live, retire or invest in property whilst remaining confident in the knowledge that you’re getting in ahead of the rest, Murcia will be your destination of choice in 2008, and here are the top five reasons why: -

1) The region of Murcia will see construction of its international airport begin in 2008 with construction time estimated to take just two years. The region’s councillor for public works, housing and transport, José Ballesteros, is said to be confident that the airport’s private owned status will mean that it can attract low cost airlines and provide travellers with low flight costs and greater flexibility compared to state owned airports. It is understood that Mr. Ballesteros has already been in meetings with the lower cost European carriers such as Ryanair, Air Europa, Air France, Iberia and TUI which bodes exceptionally well for the likely number of tourism arrivals that the region can expect when the airport comes online as early as 2010.

Current predictions for the increase in arrivals that the new airport will bring to Murcia are in the region of 1.5 million passengers when the airport opens, increasing to over 5 million by 2015 - and if you’re going to be one of these passengers you will benefit from easy and affordable access to one of Spain’s most beautiful and unspoiled regions.

2) Murcia embodies diversification in terms of the travel and holiday experience it can offer its visitors. From the fabulous Mediterranean coastline with its soft sandy beaches, pretty fishing villages and inimitably evocative ocean views, to the mountainous and rural interior where the landscape is stunning, the climate is perfect and the lifestyle is so life-enhancing and laid back. Whatever type of holiday location you prefer, you will find it in Murcia.

3) Not only can Murcia offer visitors a laid back holiday location, it is home to a city of the same name where holidaymakers and residents alike are treated to a vibrant and positive atmosphere and where they can enjoy an exciting café, bar and restaurant scene, where they can indulge in fantastic retail therapy or take in the historic attractions of everything from the world famous Santa Maria Cathedral in Murcia to the Almudí Palace, from the Monteagudo Castle to the Ramón Gaya Museum in the Plaza Catalina.

4) Property prices in Murcia have completely defied the national norm in recent months. Whereas prices for homes in many of the most well known areas of Spain have declined in the last twelve months, prices in Murcia have continued to rise steadily at about 4% year on year At the same time, it is worth noting that the Kyero.com Spanish House Price Index records the median price of a home in Murcia as lying well below the national average, proving that there is plenty of room for price growth over the coming years. Interest in property for sale in Murcia has been increasing ever since talk about the proposed airport began. Now that construction of the airport has been given the go ahead, local developers are witnessing a strong increase in interest. Mike Hamilton, Director of Casas de Lorca a highly regarded real estate development company in Murcia, recently commented on his personal predictions for real estate in the region in light of the airport announcement:

“My predictions for the coming year are for a gradual rise in demand. Murcia is one of the fastest growing regions in Spain anyway, and a new international airport will further drive growth. The supply of property in the holiday home market has increased over the last 3 years and demand had been struggling to keep up. Therefore prices are currently very attractive but should naturally begin to rise towards the end of the year as demand begins to take over supply. The demand in the retirement or early retirement market still vastly outweighs the supply so I predict prices will increase more in this sector. This is where Spain is still a firm favourite versus emerging countries. So far in 2008 we have seen business more than quadruple and 90% of our clients are looking for properties to relocate to. We are looking forward to a very good year.”

5) Murcia is affordable, it is about to become highly accessible, it has the best climate in Spain, it is not over developed, it is rich in culture, history, heritage, gastronomy, nature, sport and leisure. It is a region in which to live, to retire, to enjoy a holiday and what’s more, it is one of the corners of Spain where there is still a buoyant property market, where prices remain affordable, where the real estate for sale is expansive and exclusive and where an investment made today could well reap significant dividends, gains and yields over the short to medium term.

Whether your interest in Spain lies in finding a hidden corner in which to lay your hat and find a home or in holidaying in a highly exciting emerging destination, Murcia embodies the realisation of all your personal interests. It is quite possibly the final part of Spain to be made so much more accessible thanks to the new international airport, and it is certainly a region of this beautiful nation that should not be overlooked or ignored for a moment longer. Discover the real Spain, visit Murcia.

Location Feature - Lorca, Murcia, Spain

One of Murcia’s most important tourist destinations, Lorca sits on the banks of the Rio Guadalentin, with the Sierra de Espuna mountains to the north west and the Parque Natural de Sierra Espuna only 40 minutes north. Surrounded by vineyards and only a short drive from eight kilometres of coastline, the Lorca area is renowned for its secluded beaches and expansive, pine tree filled valleys.

Why buy there?

The town of Lorca itself is a relatively new area for British buyers and has seen even higher price rises than the 30 per cent experienced across Murcia. Despite this growth, Lorca has been protected from the mass development experienced across the southern Costas.

Lorca town is only 20 minutes from the coast and only two hours from the ski resorts of the Sierra Nevada. Its many traditional buildings and cobbled streets blend with a cosmopolitan area that offers shops, modern pisos and apartment blocks. There are hundreds of bars, plus restaurants, a theatre, a cinema complex and sports and leisure facilities.

There are also plans for the construction of several golf courses. Nevertheless, it manages to uphold its reputation as a Baroque city, and has a swathe of cultural attractions, not least of which is the 13th century Moorish castle.

The coastal town of Aguilas is also very popular. This pretty fishing village is surrounded by tomato plantations and boasts sandy coves and beaches, as well as a favourable year round climate. With a selection of fine fish restaurants, there is also a fabulous daily fruit and veg market.

Further inland, Lorca boasts many quaint villages, such as Totana, Calasparra and Caravaca de la Cruz, which is the fifth holiest city in the world. Transport links to the region are excellent, with three international airports within a 90 minute drive of Lorca and a new airport planned for Corvera, a mere 35 minutes away by car. Road, rail and bus links will also bring you right into the heart of the town, with the A7, which serves as the main artery through the region, easily accessible.

Where to buy?

The best buys are in areas just inland of Lorca town. Five acres of land can be purchased here for as little as 60,000 euros, and townhouses in some areas are selling for a mere 30,000 euros. Totana, in the north east of Lorca, enjoys 3,000 hours of sunshine each year, with temperatures exceeding 30 degrees centigrade for 100 days of the year.

The 25,000 inhabitants follow a traditional lifestyle, which is reflected by the wonderful architecture and many religious monuments. Property here can be picked up for as little as 80,000 euros. A three bedroom finca costs between 100,000 and 120,000 euros, while a four bedroom villa averages 300,000 euros.

Calasparra lies to the north of Lorca on the banks of the Segura river. With only 10,000 residents, it offers an intimate atmosphere, life continues in a traditional way, with lots of fiestas and large Friday morning markets. It offers stunning views over the countryside and rice fields, and is perfect for nature lovers.

Property here will also suit many budgets, with a three bedroom apartment costing 84,000 euros, and a small finca only 125,000 euros. A four bedroom country home with a swimming pool can be bought for as little as 169,000 euros.

Caravaca de la Cruz has 22,880 inhabitants and is the main town in north west Murcia. 60 kilometres from Lorca, it’s dominated by its Castillo, and the church of Santuario de Vera Cruz.

Slightly more expensive than the other inland towns, a two bedroom log cabin starts at 162,241 euros, while a three bedroom country villa with 2,500 square metres of land costs 190,000 euros.

The property market

Lorca province represents excellent value for money. Prices appreciated by 30 per cent last year, with some investments increasing by 60 per cent. However, as a new kid on the scene, it’s still possible for buyers to discover bargains, some plots can be snapped up for under 15,000 euros!

The Lorca region is ideal for a retirement location, with fincas abounding in the countryside surrounding Lorca town and Totana. There are also many detached houses on the edge of the towns, which are ideal for renovation. These properties offer amenities close at hand, but are still peaceful and tranquil.

The cost of building a luxury three bedroom, two bathroom villa with five acres of land is around 200,000 euros. Many people who buy in this area end up with 20 times the amount of land they could expect in a coastal urbanisation, and at a lower price. The region still offers prices 35 per cent cheaper than the national average, and 54 per cent of all properties throughout Murcia sit within the 35,000 to 100,000 euros bracket. Of course, this is set to rise as government investment in infrastructure opens the region up.

Typical properties

The most popular properties among foreign investors are fincas and village houses, and there are also many people buying plots of land. The most popular property is the villa, which represents 23 per cent of all purchases. However, country houses follow closely, at 18 per cent, and are the more commonly found properties in Lorca. Due to the increased interest in the region, fincas and village houses are steadily declining in number, and more people are seeking new build properties.

The rentals market

This area isn’t popular for short term rentals, which are generally more common along the coast. However, there’s a burgeoning long term rentals market, and if you have the right property in the right place, you can get a good income.

Expect to secure an average of 925 euros a week for a six bedroom villa, while a two bedroom apartment can generate between 250 and 450 euros a week. The market looks set to grow, and although Costa Calida’s facilities and infrastructure aren’t as advanced as in other coastal regions, the Spanish government is investing heavily in new roads, runways and high speed rail links.

The area is also gaining a reputation for its excellent golf facilities, and these factors are set to have a huge impact upon both the short and long term lettings market, making the area ripe for investment.

Living here

There are very few Brits in the area, although the development of infrastructure and tourist facilities, along with 6,000 new houses, is likely to attract more. There are also very few English residents within the town of Lorca itself, most prefer to live in detached properties offering some land, rather than in the smaller urban pisos.

However, the city is surrounded by farmland, and this has been developed over the last two years, attracting a large number of English buyers. Children are typically enrolled in one of the Spanish schools in Lorca, and seem to integrate well and surprisingly quickly.

As this is still a new area, it’s only recommended for those seeking to integrate themselves fully into a traditional Spanish way of life, buyers should be prepared to learn the language and make an effort to socialise with the local residents.

Thanks to their desire for a sunny climate, cheaper living and a healthier and more cultured lifestyle Jozsef and Sheila Csiszar moved to Lorca to retire. They wanted a three bedroom detached property with plenty of space and 1,000 square metres of land, and their budget was 200,000 euros.

They were keen to avoid urbanisations and what they described as ‘England in the sun’. After initially searching the Costa Blanca, they were disappointed to find that prices were more than they had budgeted for. “It was recommended that we went south to the Murcia region, in particular to Lorca, where we were told prices were much cheaper,” Jozsef reveals.

They will soon be moving into their tailor made, top quality villa with a large swimming pool, set on five acres of land. “We had hoped for 1,000 square metres and we have ended up with 20,000 square metres!” Sheila says. “Not only that, but the views of
the mountains and pine forests are spectacular, and we really feel we’ve designed and built our dream home.”

Lorca town is within 20 minutes’ drive of the beach and offers the Csiszar’s everything they need, from hypermarkets and bars to town squares with traditional restaurants. “More importantly,” enthuses Sheila, “we feel safe here and the town has remained truly Spanish.” Jozsef adds: “We’re very excited to be moving into the property and enjoying our retirement in this beautiful part of Spain.”

Murcia statistics

Population: 1.2 million

Population density (inhabitants per square mile): 108.4

Unemployment rate: 11.9%

Length of coastline: over 250 km

Area: 11,317 sq. km

GDP per capita: 12,600 euros

Average days of sunshine per year: 320

Average water temperature: 10.2 degrees C

Life And Leisure in Murcia

Murcia, in South East Spain, has not had the same publicity, or prosperity, as other regions of Spain, but improved air services, thanks in part to low cost airlines, rail and motorway links, and property development, ensure this is set to change. This traditional region is now appealing to visitors who wish to enjoy the real Spain, and Spanish culture such as food, architecture and the pace of life. No longer do visitors to Spain want English style pubs near the beach, or English newspapers available in the local shop. The Mediterranean diet is both cheap and healthy, whether you choose to cook, or to eat out. There is plenty to choose from and most of the fruit and vegetables will be grown locally. The “package holiday destination” image that Spain previously had is on the decline.

The Costa Calida (Warm Coast) runs for over 170km and has blue seas and a range of coastal resorts, and traditional Spanish fishing villages. The winter temperature of around 11 degrees and a summer temperature of up to 34 degrees give the region an average annual temperature of 18 degrees. Combined with over 300 sunny days a year, it is not hard to see why this region is so tempting. The Costa Calida has something for everyone, from unspoilt beaches and fishing villages, to fine golf courses and excellent water sports facilities.

The region is also well known by golfers, and the La Manga resort is the most famous golf course in Murcia, if not Spain. As well as La Manga, the Club de Golf Altorreal and the Mosa Golf Club are popular courses, and there are many other courses being developed. Some property developments are designed to appeal to golfers, and are located near golf courses, and new dedicated golf resorts are being built.

At 170km square, the Mar Menor is the Europe’s largest saltwater lagoon. As well as a fantastic place to learn to sail, windsurf, water ski, and jet ski, the high salt content means that the lagoon is safe to swim and paddle, making it popular with families. The Mar Menor has also become a conservation area and home to a huge number of different species of birds.

If the beach, water sports and golf don’t appeal to you, there are many other reasons to visit Murcia. The city of Murcia itself dates back to 825, and has been described as the most beautiful city in Spain. With excellent shopping and dining in tapas bars and restaurants, as well as Moorish architecture, the City of Murcia has lots to offer. The university and student population, as well as many festivals and celebrations mean that there is always plenty to do. There are also castles and historic buildings to be found in the towns of Alamha, Mula and Lorca, and the port of Cartagena is a popular stopover for cruise ships. San Javier, could possibly be the perfect location: near the airport, less than half an hour from both Murcia and Cartagena, and within easy reach of several golf courses.

The region of Murcia is traditionally agricultural, and grows a lot of olives, citrus fruit and vegetables. With over 100 000 hectares of vineyards, this region has a tradition of winemaking. The wines have not always been of the best quality, but thanks to new technology and techniques, the wine is rapidly improving and becoming more commercially successful. Why not sample some wine while you are there?

Nature lovers are well catered for in Murcia, and there are many nature parks that are well worth the visit. Calblanque, south of Mar Menor has been a protected natural area since 1982, and a nature reserve since 1992. This nature reserve has high dunes, sandy beaches and many species of birds and plants. Visitors can enjoy the park on foot, bike and horseback as well as by car.

San Pedro del Pinatar is home to the regional park of Salinas y Arenales, the most important wetlands in the region. Flocks of flamingos rest here each year before their journey to North Africa.

The Sierra Espuna regional park has amazing scenery including dramatic peaks, forests and many species of plants. Wild boar, goats, mountain cats and tortoises can all be found here. This park is popular with organised walking tours, and the peak of Espuna at 1579m can be seen from miles around.

The warm climate and coastal activities usually initially attract visitors, and once there, they discover there is a lot more to the region than just beaches and golf. From a hike through a national park to a round of golf, from a day on the beach to a day sightseeing, Murcia will appeal to everyone.

How to Find the Best Taxi Service From Murcia Airport

Murcia Airport is located 45 Kilometers outside of Murcia city close to a small town called San Javier. Unfortunately public transport links from here are rather limited we advocate that an airport taxi is the easiest hassle free method of reaching your destination from here. It is perfectly sited to serve to southern Costa Blanca and Costa Calida regions, anyone travelling to the La Manga resort will find Murcia airport very convenient and by far the nearest.

Being only 30 kilometers from La Manga the airport sees huge numbers of owners and holiday makers every year. Once you arrive at Murcia airport you will realize that there is a distinct lack of public transport. There are no train links and only 3 busses daily to Murcia town center. Taxis however are plentiful and are best booked before you arrive. This ensures you will pay a standard competitive price and won’t spend time waiting when you arrive in Spain.

Because of this relatively recent influx of commuters Murcia airport is taking steps to expand it’s facilities and terminal building making it an obvious choice for any one who want quick simple transport to Spain.

Pre booked airport taxis will be waiting for you on your arrival. Having collected your luggage and passed through passport control you will exit the arrivals doors, at this point you will find your dedicated driver waiting for you holding a board with your name on it. At this point all you have to do is prove that you are yourself and accompany the driver to the car which will be located very closely to the terminal building.

If your flight should be delayed the driver will be aware that you will be coming in late. You don’t need to inform anyone this is because the drivers and booking company monitor your incoming flights.

All drivers speak English and will already have your accommodation details. They will know exactly where they are taking you because you will have given the address of your holiday rental when you made your booking.

An airport taxi will remove any element of stress or exertion from your holiday experience, you can spend the time sitting back comfortably and letting somebody else worry about driving.

The taxi will take you directly to your door; you won’t have to worry about locating your rental once you arrive at the club or carrying your luggage over any great distance. An airport taxi from Murcia is also cost effective leaving you more cash to enjoy your holiday with.

By pre booking your taxi through a reputable company you can be sure of getting first class service and professional fully insured drivers. Registered taxi drivers are legally obliged to maintain their vehicles to a high standard; Rigorous health and safety checks are carried out which means you will be in safe hands when you book your taxi on line.

A Murcia airport Taxi is a great way to start your vacation and avoid doing any stressful driving yourself. The journey to La Manga will take approximately half a hour, so you don’t need to worry about spending a long time in a car. Practically all Spanish taxis are equipped with Air conditioning even if the temperature is 35 degrees outside you will travel to your destination in cool comfort.

By searching for your airport taxi using a search engine you can be sure that you will find the most competitive rates and better companies. We suggest that you book your taxi at the same time as you would book your holiday and flights. By booking in advance you’ll be sure to get the best offers and avoid any situation where a taxi might not be available at the time you require.

Exciting New Golf and Sports Resort Planned for Murcia, Spain

At approximately 5000 acres, the Marina de Cope near Aguilas in Murcia, Spain is destined to be the largest tourist resort development in Europe.

The declassification of up to 27,000 acres of Spanish coastline has paved the way for this, the ultimate tourist destination - encompassing 22,000 hotel beds, 9,000 residential units, five golf courses and a vast 69 acre marina that can accommodate up to 2,000 boats.

The Marina de Cope also promises two mixed-use town centers, village entertainment district, cultural civic center and a prestige sports complex which, in addition to the five golf courses, will offer tennis, soccer, cricket and polo. Construction will begin in 2007 and is scheduled to be completed by 2022. Upon completion, the Marina de Cope project will bring the largest transformation to the Murcia region in recent times.

The Marina de Cope project happens to coincide with the opening recently of a new dual carriageway, the AP-7 (Autopista del Mediterraneo), hugging the Mediterranean coastline between Cartagena in Murcia and Vera in Almeria.

Also in 2007 the tender was awarded to build Murcia/Costa Calida’s new international airport, just 15km south of the city of Murcia in Corvera. This international airport is expected to be operational by 2010 according to the regional President of Murcia, Ramon Luis Valcarcel. And is expected to be used by one and a half million passengers during its first year of operation, although that is expected to triple in the short to mid term

Already, four low-cost airlines which currently operate out of San Javier (Ryanair, Jet2, Easyjet and Air Berlin) will transfer operations over to the new Murcia International Airport in Corvera when it opens in 2010.

There’s absolutely no doubt that exciting times are ahead for the Murcia/Costa Calida region of Spain.

Buying a Property in Murcia, Spain

After carefully researching the region of Murcia, choosing the right location and type of property, and viewing different property for sale in Murcia, after the ideal home has been found, the next step is to actually purchase it.

Whilst not an exhaustive or step by step guide to purchasing property in Murcia, this guide provides an overview of the buying process. Whether buying a Costa Calida property by the beach, or a new golf development inland, the process is the same.

Finding a good property agent with plenty of experience is essential, and the importance of an agent with local knowledge, and contacts cannot be overestimated. An English-speaking Spanish lawyer should also be employed. Together the agent and the lawyer should be able to provide the necessary advice and assistance, and help avoid common mistakes and problems. It is also worth consulting a financial or tax advisor, especially if the property is to be a permanent residence.

The estate agent can help with finding a mortgage, although they may favour a particular mortgage provider. Spanish mortgage interest rates are lower than the rest of Europe, making buying Murcia property even more appealing. A mortgage offered by a developer is often well worth considering, as there are substantial tax savings to be made. The developer is likely to have a mortgage on the property to fund the development. This mortgage can then be transferred (subrogated) to a new buyer. The new buyer in effect “takes over” the mortgage from the developer, rather than taking out a new mortgage. Savings of several thousand euros in tax and administration fees can usually be saved this way. Subrogation may not be the best way to finance your Murcia property, but it should certainly be investigated. It is important to secure a mortgage so that the properties being considered are within budget. Before getting too carried away, be aware that a deposit of at least 40% of the purchase price plus taxes and fees is usually required. A lot of the process for purchasing property in Murcia will involve appearing in person. If this is not possible, a trusted “power of attorney”, such as the Spanish lawyer, can appear instead.

The property buyer needs to apply for their NIE (Numero del Indentificacion de Extranjero) or ID number at a police station. This can be done at any time, and once issued, means that a power of attorney is not required. This number is used to track a person’s financial and commercial activities in Spain. The NIE is used for many things, such as for employment, buying a vehicle and insurance, as well as for applying for a mortgage or other type of loan, and buying or selling a property.

Once in possession of the NIE, the next step is to open a Spanish bank account, so that payments can be made. Official documentation such as a passport will be required. There are different accounts available for residents and non residents. Applying for a non residential account requires a Certificao de no Resdiencia) to prove residential status. This can be obtained on application from a police station.

The lawyer will help get the necessary background checks done on the property. Purchasing off plan will require all licenses and certificates to be issued, and that the property is debt free and bank guarantees are in place to protect the deposit in case the development is not completed. Purchasing an existing property requires background and history checks into the ownership and debt status. The Lawyer will help to set up an escrow account so that the deposit is protected. It is important to consider making a will; under Spanish law, without a will, the property may not be inherited as expected.

Once the ideal property has been found, and the legal and official processes are underway, the next step is to reserve the property. Each developer will have their own procedures, and there may be some room for negotiation. Purchasing an off plan property requires the reservation contract to be signed, and the payment of a small deposit. This will reserve the property for a month to enable the rest of the deposit to be paid. When the deposit has been paid, the purchase contract can be signed. While the paperwork will be in Spanish, translations will be available.

Once the property is ready to be handed over, the purchase can be completed. The balance of the purchase price and taxes is paid, and the Escrita Publica de Compraventa (Public Deed of Sale) is signed. This document must be authorised by a Spanish Notary and signed by both the Buyer and Seller. At this point, the buyer becomes the owner. There are additional documents that the seller is required to provide, which can vary. Expect to see title deeds, proof of payment of the most recent IBI (Impuesto sobre Bienes Inmuebles) property tax, proof of recent utilities and other documents. Again, legal advice will be useful.

When the sale is completed, the next step is to register with the Land Registry, and the Catastro. The Land Registry is concerned with the ownership and title deeds of a property, whilst the Catastro deals with the exact location, description and boundaries of the property. This then ensures that all property tax correspondence is sent to the new owner.

As part of the purchase process, various taxes will need to be paid, and a rough guide is to budget for an additional 10% over the purchase price. The taxes paid buy the buyer will be negotiated by the chosen lawyer. For off plan properties, the IVA (Impuesto sobre el Valor Anadido) the equivalent of VAT, of 7%, IAJD (Impuesto Sobre Actos Juridicios Documentados), Tax on Documented Legal Transactions, and the Plus Valia, the capital gains tax on the increase in value of the land. Legal and Notary fees usually amount to approximately €2000.

Owning a property in Murcia is no different to owning anywhere else when it comes to ongoing costs. When budgeting, be sure to allow for community fees, such as for the upkeep of the pool and gardens if applicable. Utility bills are similar to UK costs; however there may be a connection cost in the beginning.

Various taxes will need to be paid, and the tax situation depends on residential status. The IBI (Impuesto Sobre Bienes Inmeubles) or community charge and the Impuesto Sobre La Renta (Letting Value Tax), the amount of which varies on residential status are paid on the property. The Impuestos Sobre la Renta de las Personas Fisicas or Income Tax is payable on all income for permanent residents and only for income earned in Spain for non residents. The Impuesto Sobre el Patrimonio or Wealth Tax is calculated on the value of assets including property and bank balance. As tax is a complicated matter at the best of times, professional advice on tax matters is highly recommended.

Despite it looking a complicated procedure, and lots to remember, buying a property in Murcia is highly recommended, and there are many experts who can help along the way.

About Murcia In Spain

Murcia is situated in the South East Iberian peninsula between Andalucía and Valencia. The Murcia region comprises a little over 2% of the total land mass of Spain. The region is located next to eh provinces of Albacete, Alicante, Granada, Almeria and the South East Mediterranean.

Murcia is the ninth largest of the Spanish autonomous communities in terms of geographic size. Murcia has just over 170 km of coastline, with many small beaches and scenic cliffs. A fortuitous freak of nature, La Manga is a coastal strip of land which almost shuts off the Mar Menor lagoon from the Mediterranean. The Mar Menor lagoon is thought to be Europe’s largest salt water lake and provides a safe haven for water sports enthusiasts in the comfort of calm waters, as opposed to the tidal Mediterranean that borders on the remarkable Mar Menor strip. This narrow piece of land separates sea and lake by less than a 5 minute walk at certain points.

Climate

Murcia enjoys a yearly average of almost 3,000 hours of sunshine. The region of Murcia has an average annual temperature approaching 40 degrees Celsius in the high season. The number of days per year with clear skies is approximately one hundred and thirty with approximately 3,000 hours of sunshine.

Airport

Murcia has its own airport close to San Javier near the coast and deals with international flights together with local transport and car hire. It is ideally located to service South Coast Blanca and Costa Calida areas and is situated close to the main cities of Murcia, Lorca and Cartagena. La Manga is approximately 30 km away.

History

Murcia has been inhabited by man for over 1.5 million years and the first evidence of the presence of humans dates back to the Neanderthal period. The Iron Age led to agriculture and domestic livestock followed by trading merchants with the Greeks and Carthaginians. The Roman general Scipio’s conquest of the city of Carthago Nova in 209 BC enhanced the area as focal trading centre in the Mediterranean.

The Roman occupation resulted in more than six centuries of development of the Murcian coastal region during which mining became important together with agriculture. At that time, vegetable produce was grown in abundance from the valley irrigated by the Segura River. Following the fall of the Roman Empire, a protracted period of Arab occupation began in 713 AD and in 825 AD the city of Murcia was officially founded by Abderraman II. Murcia’s economic prosperity developed significantly as the Arabs created a magnificent irrigation system through the River Segura. Unfortunately, the economic success in Southern Spain by the Arabs was beset by political turbulence from the North and the newly formed Taifa Kingdoms at the beginning of the eleventh century caused the demise of Arab influence in 1243 and the remnants of Andalusia were dealt with by the signing of the Granada peace Treaty. Following this time a long period of peace and stability came to the Mucian Region.

In the 18th century the Cathedral in Murcia was finally completed together with the Arsenal in Cartagena. In more recent times Murcia has evolved into one of Europe’s largest Market Gardens with associated modern agricultural and food processing. More recently Murcia has also developed its vast attractions to tourism and property developments often associated with fabulous golf courses.

A Virtual Visit to Murcia Spain

The capital of the Costa Calida is Murcia, Spain. It is here that the old is blended with the contemporary. A typical Spanish city, Murcia has many points of interest for locals and tourists alike. It is a college town with over 30,000 students attending its university at any given time. Thus, Murcia has earned the nickname “University City.”

Among the places to visit in Murcia are museums, cathedrals and churches, and the university itself. Getting there is easy too. Once you arrive there is no shortage of accommodations either, but you will want to plan for university events such as graduations because hotels will book quickly.

Arrival at Murcia — Planes, Trains and Automobiles

Murcia is best serviced by the San Javier airport where major international and European carriers come and go on a regular basis. It experienced a 77 percent increase in traffic between 1996 and 2006 due to a burst in interest in the region among tourists and students. It is located along the northern part of the Mar Menor, which is also a great location for outdoor sports such as swimming, water skiing, sailing, fishing, etc.

Once you arrive, you can hire a car to take you to your hotel or use a taxi or bus, which will also get you to all of the points of interest in and around the city.

In-Town and Nearby Hotels

There are plenty of choices in hotels and around the city centre of Murcia. For example, one modern choice is the Hotel Nelva. It is just 4 km from the downtown area and only cost around US per night.

In the heart of the city is the also modern Catalonia Conde de Floridablanca. It is just steps away from the shops in town and the cities cathedral.

The business and commercial district of Murcia is the location of the Zenit Murcia. It is also close to the cathedral and has 61 air conditioned rooms costing approximately US per night.

If you are looking for a golf resort and retreat, then look no further than the InterContinental Mar Menor Golf Resort & Spa located in Murcia and also in the Canary Islands. Here you can take in 18 holes and the escape to a relaxing retreat where you can enjoy many different spa treatments.

Museums and Other Attractions

Once you have found your home base it is time to explore the many sights offered in and around Murcia. There is something for the art lover, history fanatic or outdoor enthusiast.

One must-see stop on your tour of Murcia is the Cathedral of Murcia. This landmark is known by its tower that can be see from great distances. Outside, there are huge access doors that are uniquely crafted. The main entrance, known as the Puetra del Perdon, the north side door, called the Portada de las Cadenas and the Portada de los Apostoles all give entrance to the chapel. Inside you will find an abundance of gold and other ornate embellishments that show this is a sacred place. Tourists can go to the top of the tower to see spectacular views of the city and beyond.

The museum called the Almudi Art Palace once housed the tithes in the form of corn, collected by the clergy. It is the city archives and centre for art today after being renovated in the mid-1980s.

The history of the entire region can be seen at the city museum called Museo de la Ciudad. Art, industry, and the entire culture can be viewed by its artefacts. This location also boasts an orchard from the Moorish period.

Just for fun, the Gran Casino Murcia lets you spend your Euros in slot machines while enjoying the ornate ballroom. Then you can move on to the Spa La Manga Club for some relaxation. It is located at the Hyatt Las Lomas Village & Spa and offers steam rooms Jacuzzi tubs, manicures, pedicures, therapeutic massage, and even reflexology. A lap pool is located on the premises featuring 6 lanes 25-metres in length. Children are welcome, but have their own swimming pool so the adults are not disturbed.