Property Prices in Murcia, Spain

Index Info
Price to Income Ratio: 7.24
Mortgage as Percentage of Income: 50.40%
Loan Affordability Index: 1.98
Price to Rent Ratio - City Centre: 16.04
Price to Rent Ratio - Outside of Centre: 14.88
Gross Rental Yield (City Centre): 6.23%
Gross Rental Yield (Outside of Centre): 6.72%
Rent Per Month
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Apartment (1 bedroom) in City Centre 612.50 € 550.00-700.00
Apartment (1 bedroom) Outside of Centre 550.00 € 500.00-800.00
Apartment (3 bedrooms) in City Centre 950.00 € 850.00-2,400.00
Apartment (3 bedrooms) Outside of Centre 700.00 € 500.00-3,300.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 186.73 € 185.80-187.66
Price per Square Feet to Buy Apartment Outside of Centre 144.06 € 83.61-185.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,229.17 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.50 3.50-3.75

These data are based on 46 entries in the past 18 months from 8 different contributors.
Last update: September 2023

Sources and References
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