The property market in Murcia is booming! From the capital city to the sunny coastal towns, demand is strong, prices are rising, and rental yields are among the highest in Spain. Here’s the latest snapshot and what to expect in the coming years.
1️⃣ Current Market Snapshot (2025)
The Murcia region has seen impressive growth in property transactions and prices in 2025. In the first quarter alone, property sales across the region increased by over 20% compared to the previous quarter. Average property prices in Murcia Province have risen to around €1,904 per square meter, while Murcia City itself is averaging €1,826 per square meter, reflecting year-on-year increases of nearly 13%–18%.
Rental prices are also climbing steadily. In Murcia City, rents average €9.23 per square meter per month, up about 5% compared to last year. Across the province, the average rental price is roughly €9.19 per square meter per month, slightly above the previous year’s level.
Foreign buyers are playing a key role in this growth, accounting for nearly 24% of all property transactions. With international tourism reaching record levels – up more than 22% in the first half of 2025 – demand for both holiday rentals and long-term rental properties remains high.
2️⃣ Coastal Hotspots: Cartagena, Los Alcázares, Torre-Pacheco
The coastal towns of Cartagena, Los Alcázares, and Torre-Pacheco continue to attract strong interest from investors and buyers alike.
- In Cartagena, average property prices range between €1,800 and €2,000 per square meter, reflecting steady demand for both urban apartments and vacation homes.
- Los Alcázares offers some of the highest coastal property prices in the region, averaging around €2,879 per square meter, making it a premium spot for buyers seeking beachfront homes.
- Torre-Pacheco has a growing market with average prices around €2,694 per square meter, combining accessibility, coastal proximity, and high-quality developments.
These towns are highly popular among Northern European buyers, with rental yields remaining attractive thanks to both long-term and vacation rental demand.
3️⃣ Mazarrón & Puerto de Mazarrón
Mazarrón and its coastal hub, Puerto de Mazarrón, are among the region’s hottest markets.
- In Mazarrón Municipality, average property prices in August 2025 reached €1,615 per square meter, up nearly 10% year-on-year.
- Puerto de Mazarrón is slightly higher, with average sales around €1,667 per square meter and asking prices hitting €1,808 per square meter, reflecting continued demand for coastal properties.
- Rental prices are also strong, averaging €18.05 per square meter per month in Puerto de Mazarrón, an increase of around 4% compared to last year.
Over the last four years, prices in Mazarrón have climbed sharply – houses are up nearly 24%, apartments by 28%, and investors can enjoy some of the highest rental yields in Spain, reaching 10–11% gross returns.
4️⃣ Market Drivers
Several factors are fueling growth across the region:
- Tourism & economy: Murcia’s economy is projected to grow nearly 3% in 2025, supported by booming tourism.
- Foreign investment: Coastal towns continue to attract international buyers from Europe and Spain’s interior.
- Limited new supply: Demand outpaces new developments, pushing prices upward and making existing properties highly sought-after.
5️⃣ Looking Ahead: 2026–2027 Forecast
Based on current trends, economic growth, and ongoing tourism development, the Murcia property market is expected to continue rising over the next two years:
- In 2026, average property prices across Murcia Province may reach around €2,050 per square meter, while Mazarrón could see prices around €1,735 per square meter, and Puerto de Mazarrón around €1,890 per square meter. Rental prices are expected to increase moderately to about €18.80 per square meter per month.
- By 2027, the growth is projected to continue, with Murcia Province averaging €2,180 per square meter, Mazarrón reaching €1,850 per square meter, and Puerto de Mazarrón surpassing €2,020 per square meter. Rents are expected to climb to roughly €19.50 per square meter per month.
The coastal towns are likely to outperform inland areas, with strong demand from both foreign buyers and domestic investors, making these locations excellent opportunities for both capital appreciation and rental income.
6️⃣ Why This Matters
- Buyers: Whether you’re looking for a family home, vacation property, or long-term investment, Murcia offers highly attractive opportunities.
- Investors: Coastal towns like Los Alcázares, Mazarrón, and Puerto de Mazarrón provide some of Spain’s highest rental yields, making them excellent options for both short-term and long-term rentals.
- Market confidence: Steady economic growth, strong tourism, and foreign demand support a robust and competitive property market.
✅ Bottom Line
The Murcia region is no longer Spain’s hidden gem – it’s a high-demand, high-potential property market. From the urban charm of Murcia City to the sunny beaches of Mazarrón and Puerto de Mazarrón, investors and homebuyers alike are enjoying rising prices, strong rental returns, and steady growth. The outlook for 2026 and 2027 remains positive, with coastal hotspots expected to lead the way.
Now is a prime time to explore, invest, or move to Murcia.
