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Murcia Property News

Post Referendum News for British Buyers

Sadly the United kingdom has decided to leave the European Union as the referendum final results came in early this morning.


How will it affect us, owners and buyers of property here in sunny Spain?


Well, to be honest, its very difficult to see that anything will change, certainly in the immediate future. Sterling has fallen against the euro but only to a general figure of between 1.20 - 1.23 which is where it has been for a majority of the time in the last 24 months.


We understand that it will be a 2 year process for the UK to extract itself from the Union and this must be balanced with the fact that Spain will certainly want more buyers of residential property from the UK and we know how important the UK market is for the Spanish leisure and tourism industry.


Spain welcomes buyers from countries such as Norway, Switzerland, Russia and China so we cannot see why there will be any limitations for UK purchasers. In order for Spain to continue on its path of economic recovery it will not want to close the doors on visitors and buyers of holiday homes here on the Costas.


I am also sure that those of us who have lived here for many years and have families here we will be happy to stay here. I personally always enjoy returning back to the UK to visit family and friends and watch the odd game of cricket when I ‘m allowed but, at the end of the day, my home is here in sunny Spain.


We all, at Murcia villas look forward to seeing you here on the Costa Calida soon and continuing to provide the same high levels of customer service, help and advice and "the key to your dream home in the sun”.    


Business as usual at Murcia Villas.


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Portman Regeneration

Portman Bay Regeneration Contract Awarded for 32.1 million euros


News we have been finally waiting for - Portman Bay regeneration!


Our sources tell us that the the regeneration contract has finally been awarded for the sum of 32.1 million euros. For quite sometime we have been waiting for this much anticipated local infrastructure  project to start. Portman is a small village located on the edge of the Mediterranean between La Manga Club and the historical city of Cartagena.


For years Portman was an integral part of the old mining operations of La Union and the area suffered from uncontrolled dumping of sterile material into the bay until the mines finally closed in 1991. The work to be carried out will involve bringing the Mediterranean sea 250m closer to the village and importing sand to create a new shoreline. 


Chris Whent, Director of Murcia Villas La Manga with 8 years extensive experience of selling homes in the locality was quoted today “This is fantastic news for the area, for local homeowners and residents alike. I have been aware for awhile that this project was in the planning and of course we have been selling homes in the village of Portman at very competitive prices in the last few years. This huge public investment project into the Bay will have a massive positive impact on the value of this properties”