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Property prices in Murcia are rising significantly, with experts forecasting continued growth through 2026. As we reach mid-2025, the region has become one of Spain's fastest-growing housing markets, driven by foreign investment, supply shortages, and infrastructure improvements.
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Murcia property prices rose 7.5% year-on-year in Q1 2025, with new builds surging 55.5% in sales volume. Foreign buyers account for nearly 25% of all transactions, driving demand in coastal areas and golf resorts.
The region remains one of Spain's most affordable with average prices at €1,776/m² in April 2025, yet experts predict 4-8% annual growth through 2027.
Market Indicator | Current Value (2025) | Trend |
---|---|---|
Average Price per m² | €1,776 (April 2025) | +5.3% year-on-year |
Foreign Buyer Share | 20.4% - 25% | Increasing steadily |
Sales Volume Growth | 21% increase in Q1 2025 | Highest in Spain |
New Build Sales | 55.5% surge in Q1 | Strongest segment |
Rental Yields | 7.49% - 8% | Among Spain's highest |
Price Forecast 2025-2026 | 4-8% annual growth | Continued appreciation |
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

How much have property prices increased in Murcia during 2025?
Murcia property prices have surged dramatically in 2025, with the region leading Spain's housing market growth.
According to the latest data from Spanish property registrars, average property prices in Murcia rose 7.5% year-on-year to €1,213 per square meter in Q1 2025. More recent April 2025 data shows prices reaching €1,776 per square meter, representing a 5.34% increase compared to the same period in 2024.
The growth has been particularly pronounced in new builds, with sales volumes surging 55.5% in the first quarter of 2025 compared to the previous year. This represents one of the strongest new build markets in Spain, with 1,725 new property transactions recorded in Q1 alone. Some sources report even higher annual price increases, with certain areas experiencing growth rates of 13-19% year-on-year.
Resale properties have also performed strongly, with second-hand home sales increasing 12.8% to reach 5,587 transactions in Q1 2025. The National Statistics Institute confirms that free-market housing prices in Murcia rose more than 13% year-on-year, with resale homes up almost 14% and new builds up 11%.
This places Murcia just behind Andalusia and certain parts of Costa Blanca North in terms of annual growth rates across Spain.
Which areas in Murcia are seeing the biggest price increases?
Coastal municipalities and golf resort areas are experiencing the most significant property price appreciation in Murcia.
Los Alcázares currently commands the highest property prices in the region at €2,879 per square meter as of April 2025, reflecting its popularity among foreign buyers and proximity to both the Mar Menor and Mediterranean beaches. San Pedro del Pinatar follows closely with average prices of €2,608 per square meter, benefiting from its dual beach access and strong rental demand.
Torre-Pacheco has also seen substantial growth, with average prices reaching €2,694 per square meter, driven by new development projects and golf course proximity. La Manga del Mar Menor remains a premium location with the highest rental prices at €18.56 per month per square meter, making it attractive for buy-to-let investors.
Golf resort communities are experiencing a remarkable revival from their post-2008 slump. Santa Rosalía Lake Resort, featuring an artificial lagoon and modern amenities, is expected to become one of Murcia's most desirable addresses by 2026, with prices ranging from €300,000 to €500,000+. Condado de Alhama has seen renewed development activity with over 200 new homes planned, while Altaona Golf near Murcia city is attracting foreign buyers with new build properties.
Even inland areas are benefiting from the growth, with Murcia city itself showing moderate but steady increases of around 8% in 2024, supported by the 2022 high-speed rail connection to Madrid and growing student population.
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What are property price forecasts for Murcia in 2026?
Property experts are overwhelmingly optimistic about Murcia's price trajectory, predicting continued strong growth through 2026.
Multiple industry sources forecast annual price increases of 4-8% for 2025 and 2026, with some predicting even higher growth rates. CaixaBank Research suggests a 7% price increase for 2025, while other experts project 5-8% annual appreciation continuing through 2027. The most bullish forecasts predict a 15% rise in prices for 2025, driven by high demand and land shortage.
Singular Bank's analysis indicates Spanish housing prices will rise by a cumulative 9% between 2025 and 2026, with Murcia likely to outperform the national average given its current momentum. The bank attributes this growth to more accommodative monetary policy, demographic growth, and sustained improvement in household incomes.
Key factors supporting continued price growth include the region's affordability relative to other Spanish coastal areas, ongoing infrastructure improvements including airport expansions and transport links, and sustained foreign investment interest. The completion of major developments like Santa Rosalía Lake Resort by 2026 is expected to further enhance the region's appeal and property values.
However, experts note that while such rapid pace may not last long-term, stable growth between 4-8% annually through 2027 appears sustainable given current market fundamentals. Supply constraints and limited developable land in key coastal areas will continue to support price appreciation.
The European Central Bank's expected interest rate cuts in 2025 should improve mortgage affordability and stimulate further demand, adding upward pressure on prices.
How do current Murcia property prices compare to 2020 levels?
Murcia property prices have experienced dramatic appreciation since 2020, with values rising approximately 37% over the five-year period.
This substantial increase reflects the region's recovery from post-financial crisis lows and growing recognition as an attractive investment destination. However, despite this strong growth, current prices remain approximately 8% below the historic peaks reached during the mid-2000s property boom, indicating potential for further appreciation.
The price trajectory shows accelerating growth, particularly since 2022. While prices averaged around €1,000-€1,200 per square meter in 2015 at the market bottom, they have now reached €1,776 per square meter as of April 2025. The most significant increases occurred during 2023-2025, with year-on-year growth rates consistently exceeding 5-7%.
Compared to the broader Spanish market, Murcia has outperformed many regions while maintaining significantly lower absolute price levels. This combination of strong growth and relative affordability has attracted both domestic and international buyers, creating a virtuous cycle of demand and price appreciation.
The 37% increase since 2020 represents annualized growth of approximately 6.5%, well above inflation rates and indicating strong real returns for property owners. New build properties have generally outperformed existing homes, with some areas seeing increases of 18-19% in single years during the recent boom period.
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Which property types are experiencing the strongest price growth in Murcia?
New build properties and luxury coastal developments are leading Murcia's price appreciation, significantly outperforming the existing property market.
New construction properties have seen the most dramatic price increases, with sales volumes surging 55.5% in Q1 2025 compared to the previous year. New build prices in key areas like Cartagena and Lorca rose approximately 18% in 2024 alone, with some developments reporting even higher appreciation rates. The strong performance reflects foreign buyer preference for modern amenities, energy efficiency, and turnkey solutions.
Luxury villas and high-end properties in coastal areas are experiencing exceptional growth, driven primarily by international demand. Properties in resort developments with amenities like golf courses, private beaches, or artificial lagoons command premium prices and show the strongest appreciation. Santa Rosalía Lake Resort properties, for example, are expected to appreciate significantly as the development reaches full completion by 2026.
Golf resort properties have made a remarkable recovery from their post-2008 slump, with most resorts now offering year-round communities and growing rental appeal. Properties in established resorts like Condado de Alhama and newer developments like Altaona Golf are seeing renewed investment and price growth as foreign buyers return to this segment.
Apartments in tourist zones, particularly those suitable for short-term rentals, are also performing strongly. Properties in Los Alcázares, San Pedro del Pinatar, and La Manga del Mar Menor benefit from both capital appreciation and high rental yields, making them attractive to buy-to-let investors.
Traditional townhouses and resale properties in inland areas show more moderate but steady growth, typically aligned with overall market rates of 5-8% annually.
How does foreign investment impact Murcia property prices in 2025?
Foreign investment is a primary driver of Murcia's property price increases, with international buyers accounting for nearly 25% of all transactions in 2025.
This represents one of the highest foreign buyer shares in Spain, ranking Murcia fourth nationally behind only the Balearic Islands (30%), Valencia Community (28.3%), and Canary Islands (24.6%). The 20.4-25% foreign buyer share in Q1 2025 demonstrates sustained international interest, with European Union citizens comprising 9.5% of all foreign purchases.
British, German, Belgian, Dutch, and Scandinavian nationals form the bulk of foreign buyers, with many attracted by Murcia's relative affordability compared to Costa del Sol or Costa Blanca. These buyers typically focus on new builds, luxury properties, and coastal locations, driving up prices in the most desirable segments.
The foreign buyer influx has created a significant price premium in certain areas. Coastal municipalities where foreign buyers concentrate, such as Los Alcázares (€2,879/m²) and San Pedro del Pinatar (€2,608/m²), command prices well above the regional average of €1,776/m². This premium reflects international buyers' willingness to pay higher prices for lifestyle amenities, modern construction, and rental potential.
Foreign investment patterns have also influenced the rental market, with international buyers driving demand for properties suitable for vacation rentals. This has pushed rental yields to among Spain's highest levels, reaching 7.49-8% in some areas, which in turn attracts more investment and supports property values.
The trend is expected to continue, with experts predicting foreign buyer interest will remain strong through 2026, particularly as other Spanish coastal regions become increasingly expensive.
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What are the current average property prices across different Murcia municipalities?
Property prices vary dramatically across Murcia's municipalities, ranging from €375 per square meter to nearly €3,000 per square meter as of April 2025.
Municipality | Price per m² (April 2025) | Market Characteristics |
---|---|---|
Los Alcázares | €2,879 | Premium coastal location, high foreign buyer demand, dual beach access |
Torre-Pacheco | €2,694 | Golf resort developments, new build focus, international buyers |
San Pedro del Pinatar | €2,608 | Popular with Northern Europeans, spa facilities, strong rental market |
San Javier | €2,294 | Airport proximity, established expat community, diverse property types |
Cartagena | €1,800-2,000 | Historic city, cruise tourism, infrastructure improvements |
Murcia City | €1,634 | Regional capital, university city, local buyer market |
Lorca | €1,200-1,400 | Inland location, historic significance, moderate growth |
Ulea | €375 | Rural location, lowest regional prices, limited amenities |
The substantial price variations reflect different buyer demographics, amenities, and location advantages. Coastal municipalities command premium prices due to beach access, tourism infrastructure, and foreign buyer preference. Golf resort areas maintain high values due to lifestyle amenities and international appeal.
Murcia city represents good value for money at €1,634/m², offering urban amenities, employment opportunities, and transport links including high-speed rail to Madrid. The city attracts primarily local buyers including professionals, students, and families, creating a more stable domestic market.
Inland municipalities offer significant affordability for buyers seeking value, though they typically lack the rental potential and appreciation rates seen in coastal areas.
How do Murcia property prices compare to other Spanish regions in 2025?
Murcia remains one of Spain's most affordable regions despite rapid price growth, offering exceptional value compared to other Mediterranean coastal areas.
At an average of €1,776 per square meter in April 2025, Murcia property prices are significantly below the Spanish national average of €2,534 per square meter. This makes Murcia the fourth-lowest priced region in Spain, yet it leads the country in transaction volume growth with a 21% increase in Q1 2025.
Compared to other popular Mediterranean regions, Murcia offers substantial savings. Valencia Community averages €2,290 per square meter, while Andalusia ranges from €2,413-€2,515 per square meter. The Costa del Sol commands even higher premiums, often exceeding €3,000 per square meter in prime locations.
Madrid remains Spain's most expensive region at €3,955 per square meter, followed by the Balearic Islands at €3,822 per square meter and the Basque Country at €3,193 per square meter. The Canary Islands average €2,625 per square meter, still significantly above Murcia levels.
Despite lower absolute prices, Murcia is experiencing among the strongest growth rates in Spain. While the region's 7.5% year-on-year price increase exceeds many other areas, the absolute price levels remain attractive to value-conscious buyers. This combination of affordability and growth potential has made Murcia increasingly popular with both domestic and international investors.
The price differential means buyers can access Mediterranean coastal lifestyle and climate at a fraction of the cost found in more established markets like Costa Brava or Costa del Sol.

We made this infographic to show you how property prices in Spain compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It's an easy way to spot where you might get the best value for your money. We hope you like it.
What factors are driving property price increases in Murcia?
Multiple convergent factors are fueling Murcia's property price surge, creating a perfect storm of demand and limited supply.
Supply constraints represent the most significant driver, with chronic shortages of new housing and developable land pushing prices higher. Builders remain reluctant to invest in new developments due to rising construction material costs, leaving demand largely unmet. Limited coastal land availability in prime locations further restricts new supply.
Foreign buyer demand continues accelerating, with international purchasers now representing 20.4-25% of all transactions. This international interest creates upward price pressure, particularly in luxury and coastal segments where foreign buyers concentrate their purchases.
Infrastructure improvements are enhancing Murcia's attractiveness and accessibility. The 2022 high-speed rail connection to Madrid, Corvera Airport expansions, and coastal infrastructure upgrades are increasing the region's appeal to both residents and investors. These improvements support property values by improving connectivity and quality of life.
Tourism growth is boosting the rental market and property investment appeal. International visitor numbers increased 20.7% from January to September 2024, with tourists spending €1.256 billion, marking 35.1% growth from 2023. This tourism boom drives demand for short-term rental properties and supports overall market confidence.
Falling interest rates are stimulating buyer demand by improving mortgage affordability. The European Central Bank's rate cuts in 2024 and expected further reductions in 2025 are making property purchases more accessible to buyers.
Post-COVID lifestyle changes continue influencing buyer preferences, with increased demand for properties offering more space, gardens, and access to nature, particularly in coastal and rural areas.
What risks could cause Murcia property prices to decline?
Several potential risks could disrupt Murcia's property price growth, though most experts consider the market fundamentally sound.
Interest rate reversals represent the primary risk to continued price appreciation. If the European Central Bank or Bank of Spain raises rates significantly due to inflation concerns, mortgage affordability would decline, potentially cooling buyer demand and reducing price pressure. Higher borrowing costs could particularly impact foreign buyers and domestic investment purchases.
Economic slowdown in Spain or broader European Union could reduce buyer confidence and foreign investment flows. A recession would likely decrease household incomes and employment, reducing domestic demand for property purchases. Similarly, economic difficulties in key source countries for foreign buyers (UK, Germany, Netherlands) could reduce international demand.
Political uncertainty at national or regional levels could deter investment, though local policy typically has more immediate impact than national politics. Changes in housing regulations, rental market rules, or foreign ownership policies could affect investor sentiment and market dynamics.
Environmental concerns, particularly regarding the Mar Menor's ecological crisis, could impact specific coastal areas. Social media discussions and environmental campaigns indicate growing awareness and apprehension about investing in properties near affected areas, potentially creating localized price pressure.
Market overheating from rapid price increases could eventually dampen demand, especially among local buyers who may be priced out of their own regional market. Affordability constraints could lead to demand destruction if prices rise too quickly relative to local incomes.
Regulatory changes affecting short-term rentals or new housing development could impact investment appeal, particularly for buy-to-let purchasers who rely on rental income to support their investments.
How do rental yields in Murcia compare to property appreciation rates?
Murcia offers exceptional rental yields that complement strong capital appreciation, creating attractive total returns for property investors.
Current gross rental yields in Murcia range from 7.49% to 8%, with Murcia city offering the highest residential rental yield in Spain at 8%. These yields significantly exceed the Spanish national average of 5.6% and compare favorably to other major cities like Madrid (4.82%) and Barcelona (7.52%).
The combination of high rental yields and strong capital appreciation creates compelling investment returns. With property prices appreciating 5-8% annually and rental yields of 7-8%, total annual returns can reach 12-16% before costs and taxes. This dual income and growth potential makes Murcia particularly attractive to buy-to-let investors.
Rental price growth is supporting yield maintenance despite capital appreciation. Average rental prices increased 6.54% year-on-year to €8.80 per month per square meter in April 2025, with some areas like La Manga del Mar Menor commanding €18.56 per month per square meter for premium properties.
The rental market benefits from multiple demand drivers including tourism growth (20.7% increase in international visitors), student population expansion, and post-COVID lifestyle migration. Short-term vacation rental demand has increased 7% year-on-year, while average daily rates rose 4.3%, boosting rental profitability.
Foreign buyers often target properties suitable for both personal use and rental income, creating sustained demand for well-located, modern properties that can achieve premium rental rates. Golf resort properties and coastal apartments particularly benefit from this dual-purpose appeal.
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Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Yes, property prices in Murcia are going up significantly.
The region leads Spain in housing market growth with 21% increased sales volume, 7.5% price appreciation, and strong forecasts for 4-8% annual growth through 2027. Foreign investment, supply constraints, and infrastructure improvements are driving continued price increases across all property segments.
Sources
- Indomio - Murcia Property Market Data
- Spanish Property Insight - Murcia Market Growth
- Investropa - Murcia Real Estate Trends
- CB Sage - Murcia Real Estate Growth 2025
- Murcia Services - Investment Guide 2025
- Euro Weekly News - Price Forecasts
- Investropa - Market Forecasts
- Global Property Guide - Spain Market Analysis