article_detail

 

Buying property without even seeing it in person first is becoming more common in the Region of Murcia, where high-spending foreign buyers and investors are driving a growing number of purchases. In some cases, people are now buying homes after nothing more than a video call.

 

Jerónimo Jover, spokesperson for the Official College and Association of Real Estate Agents in the Region of Murcia, says the trend is real and increasingly visible. “We’ve had cases of people deciding to buy a property based solely on a video call, like one buyer from her London home,” he explained.

“Later, when she saw it in person, she didn’t like it. However, given her financial situation, the loss wasn’t a significant problem.”

 

For many of these buyers, the property is just one more asset. Some are looking for a place to use at weekends, while others see it purely as an investment. Jover says that if they arrive later and decide the home is not for them, they simply put it back on the market. “If, once they arrive in the region and see the house, they don't like it, they put it back on the market. They have no problem with that,” he said.

 

He also described cases of foreign buyers purchasing homes in the same building as friends, without paying much attention to the interior condition. In other situations, buyers give real estate agents “full power” to handle the paperwork and even arrange cleaning or renovation work before the property is viewed in person.

 

José Castellanos of the Mondial estate agency in Murcia says investor interest has risen sharply in recent months. “Many of them come from Madrid and others have already settled in Murcia. This type of buyer is very active in the market right now,” he said.

 

These buyers usually work with larger sums and often buy several properties in the €70,000 to €120,000 range, provided the figures add up. Their aim is to secure monthly returns of around €800 to €900, depending on the area. With a housing shortage still shaping the market, Castellanos says investors are buying almost anything they can find if the numbers look right.

 

As prices rise in city centres, many are now turning to the outskirts of major cities, including areas such as Molina de Segura and its links to Murcia. They look for good transport connections and locations roughly 10 to 15 minutes from the centre, where profitability is still possible.

 

The issue of occupied properties also plays a part. Both Jover and Castellanos say investors are prepared to take on legal uncertainty that private buyers may avoid. As Jover put it, “An investor with capital can afford for a transaction of this type to take 4, 5, or even 6 years to resolve through the courts.”

 

Image: Pixabay