The town in Murcia leading Spain in property price hikes
This charming Mar Menor municipality has seen a 160% increase in the cost of homes
The property market is still on fire in Spain and things are only getting tougher for potential homebuyers. While local economists are keen to push for more affordable housing by tapping into available land, finding a property that ticks all the boxes – one that’s in good condition, meets every need and falls within budget - has become a real challenge.
It’s no secret that property prices are steadily climbing, especially in big cities or popular tourist areas, and the Region of Murcia hasn’t been immune. While we’re not talking about the sky-high prices seen in the likes of Madrid or Ibiza, where a square metre is coming in at as much as 10,000 euros, the price hikes in Murcia are still pretty significant.
In fact, recent figures show that the Region of Murcia has seen the highest rise in property prices in the last year across all of Spain.
According to studies, Madrid, unsurprisingly, dominates the list of the most expensive neighbourhoods. Ibiza’s Santa Eulària des Riu follows closely behind and San Sebastián’s Área Romántica rounds out the top spots.
Incredibly, the price per square metre in these premium areas is nearly four times the national average, which closed 2024 at around 2,389 euros/m². This means that a home in one of these hotspots, and a fairly standard one at that, could set buyers back close to a million euros or more.
Coming back to the Region of Murcia, and there’s one neighbourhood that’s been making waves for its skyrocketing prices: Los Cuarteros, a charming district of San Pedro del Pinatar. This area has seen an eye-popping 160% increase in the cost of homes over the past year, making it the fastest-growing property market in all of Spain.
But why the sudden surge in prices? According to property experts, Los Cuarteros, along with neighbouring Lo Pagán and Villananitos, has become one of the main tourist hotspots of the Mar Menor. With all the new leisure and tourism options on offer, it’s no wonder that more and more people are choosing to settle down here, not just for the summer, but year-round.
Real estate moguls believe that the booming demand for properties in places like San Pedro del Pinatar is driven by the high quality of life on offer, the resale and rental potential of homes and a broad tourism appeal, all of which attract wealthy buyers both from Spain and abroad.
The result is a rising tide of very expensive properties with prices hitting new heights, sometimes quadrupling the national average.
Even as prices continue to climb, dream properties can still be found for every budget. But in an increasingly challenging market, your best bet for locating your ideal home is to leave the search to the experts.
With a huge range of properties to suit every taste and bank balance, Murcia Property Services is your go-to agent for real estate in San Pedro del Pinatar and beyond.
Contact Murcia Property Services today:
Address
AP52, Avda de las Salinas 2, San Pedro del Pinatar 30740Mobile: 0034 658 318 438
Murcia Property Services based in San Pedro del Pinatar, full property management services, maintenance services, rentals and sales
Based in San Pedro del Pinatar, Murcia Property Services are a well-established concern specialising in professional property management services. Whether it’s buying or selling a property in Murcia, or renting one out, or simply monitoring and maintaining it when it is empty, MPS cater to those who own a second property in Spain. In a nutshell, what they offer includes: complete property management, property sales, long-term rentals and cleaning & maintenance. MPS also provide car hire, currency transfers and even insurance services.Property management
Murcia Property Services offer three levels of property management service, the Bronze, Silver and Gold packages. Starting with the foundation level of monthly inspections and plumbing checks right up to weekly inspections, key holding, post collection, inventory checks, free airport transfers and so on. They also offer gardening services and should a property require repairs or maintenance, MPS can provide a quote from their network of professional specialists (and, of course, manage the work once the client has commissioned it).Long-term rentals
Murcia Property Services will manage the rental process for owners wishing to let their properties on a long-term basis. MPS will take care of the marketing, viewings, tenant vetting, inventory and regular inspections. What’s more, they will even offer a Rental Income Guarantee including legal services in the unlikely event a tenant does not pay the rent.
Property sales
Whatever kind of property someone is interested in – beach, golf, town or country – MPS will help. With an excellent network of private sellers, agents and banks, MPS can find the right property at the best price and even take care of a Spanish mortgage if necessary
Insurance services
MPS are official agents for Ibex insurance and as such are empowered to offer their full range of home, car, boat, life, pet, commercial and golfing policies. Ibex is one of the largest and most reputable insurance providers in Spain.
The MPS philosophy is simple: to provide a professional, efficient, reliable and trustworthy service to all clients and remove the stress of owning a second home in Spain. As they say themselves: “The difference between something good and something great is attention to detail.”
