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ARCHIVED - Murcia property market suffering less from the pandemic than Spain as a whole
Sales figures in the Costa Cálida are down by just 13 per cent so far this year
It might be expected that activity in the Spanish property market has been minimal this year as a consequence of the coronavirus pandemic, but the latest sales figures published on Tuesday by the central government’s statistics unit show that despite severe disruption between March and June the fall in the number of homes changing hands has been “only” 21.3 per cent.
The latest data relate to the month of October, when 37,605 sales were registered, representing a year-on-year drop of 13.3 per cent, and the cumulative total for 2020 climbed to almost 340,000.
In the Region of Murcia, meanwhile, the figures suggest even more strongly that the underlying health of the market is strong. The October data show a year-on-year fall of only 9.3 per cent with 1,379 sales reported, and after 10 months of the year the cumulative total has reached 12,374. This indicates a fall of 13.6 per cent in comparison with the equivalent period in 2019, appearing to indicate that despite the inevitable decrease in the number of holiday or retirement homes being sold to non-Spaniards since air travel was disrupted by the first wave of the pandemic in the spring, the level of interest in properties in the Costa Cálida remains healthy.