Murcia Takes the Lead in Spain’s Property Market Growth in Q1 2025
Murcia leads Spain’s property market growth in the first quarter of 2025
At the beginning of 2025, Murcia emerged as the fastest-growing property market in Spain, driven by a sharp rise in transactions and increased interest from international buyers.
Record-breaking sales growth
According to the latest figures from the Spanish Land Registry, Murcia posted a quarterly increase of 20.6% in property sales — the strongest growth in the country.
Out of a total of 7,312 transactions, 5,587 were resales of existing homes, representing a 12.8% increase. New-build properties saw even stronger demand, with sales jumping by 55.5% to 1,725.
The role of foreign buyers
Murcia ranks fourth nationwide in terms of foreign buyer activity, with international purchasers accounting for 20.4% of all transactions. Only the Balearic Islands (30.0%), the Valencia region (28.3%), and the Canary Islands (24.6%) recorded higher shares. Among foreign buyers in Murcia, 9.5% were citizens of other EU countries.
Prices are rising but remain attractive
Average property prices in the region increased by 7.5% year-on-year, reaching €1,213 per square meter. Despite this growth, Murcia remains well below the national average and is the fourth most affordable region in Spain, keeping it appealing for both investors and homebuyers.
National housing market trends
Across Spain, 181,625 homes changed hands in the first quarter of 2025, a quarterly rise of 5.3% and the highest volume recorded since the third quarter of 2007. Compared with the same period last year, sales rose by 19.9%.
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New-build homes: 41,956 transactions (+34.4% year-on-year)
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Resales: 139,669 transactions (+16.2% year-on-year)
In total, 667,058 homes were sold nationwide over the past 12 months, a 16.3% increase compared to the previous year.
Murcia vs. Valencia in Q1 2025
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Sales growth: Murcia leads with +20.6%, followed by Valencia with +15%.
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Share of foreign buyers: Valencia stands out with 28.3%, while Murcia recorded 20.4%.
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Average price per m²: Valencia is higher at €1,800, while Murcia remains more affordable at €1,213.
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New-build transactions: Valencia slightly ahead with 2,100, Murcia close behind with 1,725.
Overall, Murcia is showing remarkable growth, while Valencia continues to attract strong foreign investment thanks to higher transaction volumes and premium prices.
Key takeaways for buyers
For those seeking a long-term investment or a primary residence at a more affordable price, Murcia offers excellent opportunities, particularly for buyers looking for a calmer lifestyle.
For those preferring a vibrant coastal city atmosphere and willing to pay more, Valencia remains an attractive alternative.