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Housing prices in the Region of Murcia continue to climb month by month and are now less than €100 per square metre below what they were at the height of the housing bubble in September 2006.

 

Currently, the average price of housing stands at €1,696/m², which is 25.8% higher than in January 2025.

 

Back in September 2006, the price per square metre was €1,786.

 

By municipality, Alhama has seen the largest price increase. Housing there currently costs €2,217/m², representing a 46.9% jump compared to a year ago and the highest price ever recorded by Idealista. Following close behind are the coastal municipalities around the Mar Menor: San Pedro, Los Alcázares and San Javier.

 

The price of housing in Los Alcázares is €2,417/m², representing a 34.9% increase and its highest price ever. San Javier has seen a 32.2% increase to €2,304/m², and San Pedro has experienced a 31.7% rise to €2,348/m².

 

The Region's two most populated municipalities, Cartagena and Murcia, have also registered significant increases in housing prices. In Cartagena, the increase is 23%, with prices reaching €1,612/m². In Murcia, the registered housing price is €1,531/m², which is 19.1% higher than a year ago.

 

Torre Pacheco is the other municipality where the increase in housing prices is particularly notable, at 29.5% higher than in January 2025, reaching €2,570/m².

 

The current situation reflects what José Ramón Blázquez, president of the Association of Real Estate Developers of the Region of Murcia (APIRM), says is unprecedented high demand.

 

The result, he explains, is a structural problem that not only remains uncorrected but worsens year after year.

 

"The scarcity of new construction and the sustained increase in construction-related costs have driven prices upward, without any significant response from the authorities. Licences remain stalled, new developments are still blocked or partially blocked, and cities are not investing in the necessary infrastructure to unlock land and facilitate urban growth," he noted a few weeks ago.

 

Mr Blázquez points out that landowners are often expected to cover all the investment costs themselves, which isn't always realistic. On top of that, utility companies are making it harder to get things like electricity connections sorted, especially for new developments. He believes this problem will drag on for years unless someone actually does something about it.

 

The sky-high prices are creating real difficulties for people trying to get onto the property ladder or move to a larger home and with no signs of the market cooling off anytime soon, the affordability crisis looks set to continue throughout 2026 and beyond.