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Guide to buying property in Murcia / Costa Calida

Situated in the hottest and driest corner of Spain, Murcia is a region that has been steadily growing in popularity as a more affordable and less developed option to the Costa del Sol.

Sandwiched between Valencia and the southern Costa Blanca to the north, and  Andalusia to the south, it includes the Costa Calida and the Mar Menor, a salt-water lagoon bordered by a 22km sandbar, La Manga.

Its principal city is Murcia, but it also includes the ancient city of Cartagena, but the two big stories about Murcia in recent years have focused on the new international airport at Corvera (the main one is at San Javier) and the new Paramount theme park nearby (due to open 2015 and to rival Euro Disney) – both a long time in the pipeline.

The region is much-loved by second-home owners – and currently remains one of the most affordable for property transfer tax (ITP) at 7 per cent – so where are the most popular areas?



The region’s best-known resort is the La Manga Club, a well-established and prestigious sporting destination.

Headline offerings include three good 18-hole courses, tennis club and sailing centre and private properties have retained their value relatively well: entry level is a studio for a little less than €100k, with two-bed apartments €150k-200k and starter villas €250k plus.

But Polaris World is another big name in Murcia, with a total of six golf resorts, many of which offer homes at prices drastically reduced from their 2007 peak.

The resorts include Mar Menor, El Valle, Hacienda Riquelme, La Torre (the largest), Contado de Alhama and Terrazas de la Torre.

One-bed apartments at the latter are available for less than €50k, two-beds for €55k plus but you’ll pay more at the Mar Manor, the most well-established resort, with two-bed apartments typically around the €150k mark.

Hacienda Riquelme golf course is very close to the small inland village of Sucina that has become popular with the British market, partly because it also close to another golf course resort, La Peraleja.

A small resale three-bed villa in Sucina centre can be bought for €100k, but there’s much more available to buy on the two golf resorts, with some modern luxury detached villas for sale in La Peraleja for €350,000 plus.

Turning to other hotspots around the Mar Menor, at its apex there’s the busy town and lively tourist centre of San Pedro del Pinatar, with a long promenade, marina and extensive beaches. Two-bed apartments cost around €90,000.

Prices are similar in the next stop south, the former fishing village and popular sailing resort of Santiago de la Ribera, which also hosts the San Javier International Jazz Festival.

Then there’s Los Alcazares, another popular watersports centre with 7km of beach with spas and golf featuring strongly. A budget of €120k will buy you a two-bed apartment, sometimes three.

Those seeking somewhere smaller might prefer the little town of Los Urrutias, which manages to retain an old-world feel with its famous weekly market. A three-bed finca there costs around €150k.

Also worth a mention is the village of Mar de Cristal with its little marina, good sandy beach backed by an attractive promenade. There are a fair few holiday complexes with apartments available, two beds at around €80k.

South of the Mar Menor, there’s the Gulf of Mazarron, with 35km of beaches backed by the foothills of the Sierra de la Almenara, with the port, or Puerto de Mazarron its sea-faring hub.

Property options include the Mazarron Country Club (three-bed villas from around €130k mark), where there seems both plenty of available stock and owners receptive to offers;  and also Camposol golf resort whose typical offerings include four-bed detached villas for around €230k.

Much less inventory is on the market in the attractive Roman port city of Aguilas, a popular resort area with town beaches, great scuba-diving  and famous lighthouse at the lower end of the gulf. A traditional four-bed townhouse in the centre might cost €180k. 

Buying must-know

  • Property transfer tax (ITP) on resales is 7 per cent.
  • Pick your property carefully: there are some bankrupt golf developments in areas where they should never have been built, and high levels of surplus stock in others.
  • Seek independent legal advice to carry out due diligence on such developments.
  • Climate is hot, arid summers and relatively cold winters: will this suit?


Need more information?

If you would like more detail about some aspects of buying a property in Spain, then download our FREE guide to buying property in Spain sponsored by HomeEspaña, which covers the popular regions of Spain, a run-down of the Spanish property market including the types of property and things to watch. We give tips on legal, currency and tax as well as the steps involved in the buying process.



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