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Jumilla, Golf property in Spain at Bulgarian prices
Jumilla investment, facts and figures
Whilst certain areas in Spain have seen spectacular price growth in recent years, Spanish property prices are still
growing at over 10% every year. As a result, Spain offers much greater potential than the current market conditions
in the UK. Wise investors are currently speculating in prospective hotspots such as Murcia where the price per square
meter is growing fast but is still at less than a third of areas on the Costa del Sol.
Nominal property price growth for the twelve month period to June:
:
% change
2001
2002
2003
2004
2005
2006
Spain
11.0
11.3
15.4
13.8
10.7
11.9
Murcia
9.0
16.2
8.6
9.2
10.9
15.8
Research by Spain's National Statistics Institute predicts that Spain’s immigrant population will rise
to as much as 5.5 million by 2010, representing in the region of 12% of its population, compared to just 5%
in 2001. The rising demand for property will continue to fuel the growth of the property market.
The Sociedad de Tasación SA quote the following figures for nominal property price increase for the twelve
month period to June 2006: