The gross rental return in the capital of Murcia reached 7.9% in January, a percentage that places it ahead of the average for the province, which stood at 6.48%.
Murcia closed 2021 with a total of 19,561 registered purchase and sale operations or, what is the same, 31.3% more than during the previous year. The data supports, according to the experts: “the good moment that the real estate sector is going through” not only in the region, but in the whole of Spanish territory where the operations represented, at the end of 2021, an increase of 34.5%.
In the Murcian capital, the records also confirm the change in trend that experts have been observing: a gradual return to the big cities. In the last three months of the year, the weight of the purchases made in the city in relation to the province as a whole accounted for 23.08% or, what is the same, the operations grew by around 0.44% with respect to to the previous quarter. “The coronavirus changed everything, including people’s housing preferences. These sought to establish their home in rural areas, due to teleworking and to avoid overcrowding. But now, with the return to the offices, the big city is gaining strength again », explains Ferran Font, director of Estudios de piso.com.
The real estate portal data places the
gross rental return in the region at 6.48%, a percentage that is in line with the national average which, in the month of January 2022, reached 6.42%. The figure is even more positive if we put the accent on the capital. Buying a 90-square-meter home in the city cost an average of around 110,000 euros at the beginning of the year, while rental prices for a house with similar characteristics were above 700 euros. From the relationship of both, a gross rent return in the capital reaches 7.90%, almost three tenths more than the previous month.
Murcia is also one of the regions where the real estate effort to make for the purchase of a home is less. According to the Trends Report for the last quarter of the year, carried out by the Appraisal Society, Murcian buyers spend 4.9 years of full salary on the purchase of a home, an effort only shared by La Rioja and far from the 7.8 years that, on average, must be spent in the whole of the national territory.
Murcia more profitable than neighboring capitals
The idea of having a house by the sea is always tempting and, just half an hour from the beach, the Murcian capital is one of the most profitable on the Mediterranean coast. The average price per square meter stood at 1,214 euros in January, according to the latest
monthly report of sale prices of flats.com. The figure is below that registered in neighboring capitals such as Alicante (€1,807/m2) or Almería (€1,349/m2).
In fact, Murcia is the most profitable capital among all those that surround it and it is that, compared to 7.90% in Murcia, the gross rental profitability reaches 6.39% in Almería or 5.44% in Alicante. If we look inland, Albacete -province with which the region of Murcia borders- does not offer a more interesting return despite the fact that, like the rest of the capitals, it is above 5%.
But if there is a fact that makes it an interesting option to buy a rental home, it is precisely the evolution of prices. In the second-hand sales market, the figures registered a year-on-year increase of 2.06% (4.16% for the province as a whole) while, with a price of €7.99/m2, the price of leases was revalued by 5.44% in the last year, as indicated by the
monthly report of rental prices of flats.com of the month of January.
The optimism in the sector is evident and, although cautiously, the forecasts speak of growth. Looking ahead to 2022, healthy market growth is expected. Although it is going to be a difficult year to forecast, an increase in the number of mortgages granted on homes of 0.5% year-on-year is predicted,” explains the director of Estudios de piso.com, who adds: “brick is a refuge asset for many investors, so housing is not only interesting to live in, but to invest in» and, according to the data,
buy a flat in Murcia to rent is a great idea.