Costa Calida 30 March – 5 April 2023 Issue 1969

THE BEST FINANCE NEWS ON PAGES 12 ­ 16 Issue No. 1 (1969) 30 March - 5 April 2023

COSTA CALIDA • EUROWEEKLYNEWS.COM

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MURCIA’S housing market contin­ ues to skyrocket, with the number of foreign buyers snapping up prop­ erty in the region soaring. The number of property sales among non­Spanish buyers rose by an astonishing 30 per cent in 2022 compared to the previous year, ac­ cording to figures released by the Ministry of Transport, Mobility and Urban Agenda. In total, 19.1 per cent of all home in Murcia region last year were bought by foreigners, making the area the fourth most popular among non­Spanish buyers. Foreigners alone were responsi­ ble for more than 900 property pur­ chases in each of the three financial quarters between April and Decem­ ber last year. In contrast, only one quarter of 2021 saw sales exceed 900 transactions among the foreign market. Spain has long been a favourite among home buyers from the UK and Europe, with Murcia region proving to be a particular draw. While the news has attracted crit­ icism from some quarters over the rising price of housing for Murcia natives, the rise in foreign purchas­ es also brings with it a very wel­ come boost for the local economy.

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THROUGH THE ROOF Booming!

tion of hotels explained that after three years of Covid restrictions, “peo­ ple really want to travel.” He added: “Next week is going to be critical giv­ en that last­minute reser­ vations depend on the weather over the coming days, which is looking in­ creasingly good.” His prediction is that “in the three central days of Semana Santa” hotel occupancy will reach a staggering between 90 and 95 per cent in the area’s larger areas.

MURCIA: Is attracting huge numbers of foreign buyers.

With higher average salaries and generally higher disposable income, the rising number of Brits, Ger­ mans, Dutch, and other nationali­ ties coming to the area also often means more business opportunities for local businesses and tradespeo­ ple. Elsewhere in Spain, the number of foreign buyers is also on the rise. Surprisingly, the inland communi­ ty of Castilla­La Mancha is the area of Spain which saw the highest in­

crease in non­Spanish property pur­ chases, rising by 235 per cent. According to experts, the boost is down to increased interest in the community’s best­known city, Tole­ do, where sales among foreign buy­ ers increased by 495 per cent last year. Expat favourite Andalucia also made the list, with an increase of 33.5 per cent and a whopping 16,063 properties bought up by for­ eigners.

Welcome to edition 1! WELCOME to the first EVER edition of the Euro Weekly News Costa Cali­ da­Murcia paper! With an incredible 24 years serving news to the English­speaking commu­ nity across Spain in our six further edi­ tions, the Euro Weekly News has ex­ panded once again to cover this booming region. From the beauty of the Mar Menor to the splendour of Cartagena’s Ro­ man past, this vibrant part of Spain deserves its own spotlight. And the Euro Weekly News will be doing just that. Following requests from clients and readers alike, we are giving the Costa Calida area a weekly paper all of its

THE Costa Calida is set for a hospitality boom over the Easter period, with hotels expecting even higher occupancy than last year’s impressive fig­ ures. Murcia, Cartagena and Lorca’s hotels are already 50 to 55 per cent booked out and officials are pre­ dicting “unbeatable” lev­ els of further reserva­ tions, bringing in an expected €50 million in revenue to the region. Bartolome Vera, presi­ dent of Murcia’s associa­

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Papers will be distributed among the most popular spots in Murcia.

very own; along with all the local and national news, columnists, puzzles and features you have come to know and love. Covering everywhere from Bolnue­ vo to San Pedro Del Pinetar and Cam­ posol to Cabo de Palos, thousands of our Costa Calida­Murcia papers will

be distributed among the most popu­ lar spots near you so you never miss out in your favourite paper. Our expert team of local writers is already on hand to hear from you about the stories you most want to share, so if you have news or an event you would like us to cover, con­ tact editorial@euroweeklynews.com. To find out exactly where to pick up your copy, contact distribution@euro weeklynews.com Or to get your business in front of tens of thousands of eyes, contact our expert advertising team at sales@eu roweeklynews.com. We so look forward to seeing you each week!

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COSTA CALIDA: Hotels expecting booming business.