Profile cover photo
Profile photo
Chris Mercer
69 followers -
Spanish property expert. With over 30 years experience in selling freehold Spanish property.
Spanish property expert. With over 30 years experience in selling freehold Spanish property.

69 followers
About
Posts

Post has attachment

Post has attachment
Our story (largely plagiarised by The Move Channel, but we'll let them off...) on Murcia's "mini boom".... http://bit.ly/14nxdp1
Add a comment...

Post has attachment
Interesting and very positive "real" numbers in our latest press release. I am a little wary of "experts" writing about what will happen to the Spanish property market, when in reality no one really knows, however working on our recent figures for the 1st 6 months of 2013, I believe we will see a stronger end to the year. I also think that prices have (in our area of Murcia) bottomed out and as demand picks up so eventually will prices. Obviously I am referring to Murcia and the Costa Calida, other areas may be different but I do feel I can comment with some knowledge on our local market.
Add a comment...

Post has attachment

Post has attachment
Add a comment...

Post has attachment
Add a comment...

Post has shared content
Murcia’s Corvera Airport Moves Closer to Reality

Positivity has emerged from the Spanish press with regards to the long-awaited opening of Murcia’s Corvera Airport.  The Region’s Culture and Tourism Minister this week insisted that “everything is going well” and local estate agent Mercers remains hopeful of a spring-summer opening.

Spain’s third largest general interest newspaper bore the headline “An Airport on the Runway” following reassurance by Murcia’s Director General of Transport and Ports, Antonio Sanchez-Solis, that the validation procedures from the Spanish Aviation Safety Agency (AESA) are 80% approved – one of the last steps towards Corvera Airport becoming fully operational.

Chris Mercer, Director of Murcia-based estate agent Mercers, says, “This process has been long and drawn out, not helped by enduring recession, but it looks like we’ll finally get our new Airport.  The Spanish aviation authority, AENA, has guaranteed that commercial flights currently operating in and out of Murcia San Javier will be transferred immediately across to Corvera upon opening.  All airlines involved have agreed to cooperate.  With 1.2 million passengers using San Javier in 2012, this isn’t a bad starting point for a new Airport – a major advantage over Spain’s so-called ghost airports of Cuidad Real and Castellon who’ve never handled a single passenger.” 

These ghost airports have been playing on the mind of Murcia’s Culture and Tourism Minister, Pedro Alberto Cruz, who admitted this week that airports in Spain “have a very bad reputation”.  But he went on to insist, whilst talking to Spain’s highest circulation newspaper, that Corvera “would not have the same fate as Castellon or Cuidad Real.”  “We have to be confident, it’s possible that other elements of the economy or government aren’t conveying too much confidence but this (Airport) is on track”.  Previous reports have also suggested that up to three of the nine million passengers currently using Alicante’s El Altet Airport would find Corvera closer and more convenient. 

Amongst the remaining items pending at Corvera Airport are the security program awaiting ASEA approval, the enabling of a frontier and customs according to Schengen, the provision of weather services via the State Meteorological Agency as well as the final nod on restructuring airspace between commercial flights at Corvera and military operations out of San Javier.  However, once open, the President of Murcia’s Chamber of Commerce, Pedro Garcia-Balibrea, believes that this new gateway to the Region will be a vital asset to promote residential tourism as, “many Europeans could have a second home in a place like Murcia and the best way of arriving from overseas will be this upcoming airport”.   

An official opening date for Corvera Airport remains elusive but a spring-summer forecast is not inconceivable.  
Add a comment...

Murcia’s Corvera Airport Moves Closer to Reality

Positivity has emerged from the Spanish press with regards to the long-awaited opening of Murcia’s Corvera Airport.  The Region’s Culture and Tourism Minister this week insisted that “everything is going well” and local estate agent Mercers remains hopeful of a spring-summer opening.

Spain’s third largest general interest newspaper bore the headline “An Airport on the Runway” following reassurance by Murcia’s Director General of Transport and Ports, Antonio Sanchez-Solis, that the validation procedures from the Spanish Aviation Safety Agency (AESA) are 80% approved – one of the last steps towards Corvera Airport becoming fully operational.

Chris Mercer, Director of Murcia-based estate agent Mercers, says, “This process has been long and drawn out, not helped by enduring recession, but it looks like we’ll finally get our new Airport.  The Spanish aviation authority, AENA, has guaranteed that commercial flights currently operating in and out of Murcia San Javier will be transferred immediately across to Corvera upon opening.  All airlines involved have agreed to cooperate.  With 1.2 million passengers using San Javier in 2012, this isn’t a bad starting point for a new Airport – a major advantage over Spain’s so-called ghost airports of Cuidad Real and Castellon who’ve never handled a single passenger.” 

These ghost airports have been playing on the mind of Murcia’s Culture and Tourism Minister, Pedro Alberto Cruz, who admitted this week that airports in Spain “have a very bad reputation”.  But he went on to insist, whilst talking to Spain’s highest circulation newspaper, that Corvera “would not have the same fate as Castellon or Cuidad Real.”  “We have to be confident, it’s possible that other elements of the economy or government aren’t conveying too much confidence but this (Airport) is on track”.  Previous reports have also suggested that up to three of the nine million passengers currently using Alicante’s El Altet Airport would find Corvera closer and more convenient. 

Amongst the remaining items pending at Corvera Airport are the security program awaiting ASEA approval, the enabling of a frontier and customs according to Schengen, the provision of weather services via the State Meteorological Agency as well as the final nod on restructuring airspace between commercial flights at Corvera and military operations out of San Javier.  However, once open, the President of Murcia’s Chamber of Commerce, Pedro Garcia-Balibrea, believes that this new gateway to the Region will be a vital asset to promote residential tourism as, “many Europeans could have a second home in a place like Murcia and the best way of arriving from overseas will be this upcoming airport”.   

An official opening date for Corvera Airport remains elusive but a spring-summer forecast is not inconceivable.  
Add a comment...

Monday 7 January 2013
Press release...

An Expert View on Murcia’s Property Market in 2013

Having sold a very pleasing seven homes in December, a month that isn’t always seen as a buoyant month for buying, Murcia-based estate agent Mercers is very positive about what’s to come in 2013.  

Chris Mercer, Director of Mercers, has notched up 29 years experience in selling freehold Spanish properties and opened his first office in Camposol Golf, Mazarron, back in 1999.  In 2012 he moved to even larger premises on Camposol Golf, a prime frontline corner position in that ironically used to belong to a Spanish bank.  It’s clear he has great expectations for the coming year.  

Chris comments, “Overall Mercers has had a very good 2012, certainly more sales than 2011, around a dozen more.  If the Paramount Theme Park construction accelerates, the Minister of Culture and Tourism has stated that works will officially commence on 15 January 2013, then it can only increase the profile of Murcia and the action will really hot up.  Our new Corvera International Airport is also due to open sometime between spring and autumn 2013.  We have even recruited a new native Spaniard sales person, brought up in Belgium and also fluent in English, to bolster the team.  I boldly expect our sales to increase by 25% in 2013 over 2012.”

For Mercers, foreign buyers have tended to dominate over the past year, mainly Belgian, French, Norwegian, Swedish, with a welcome resurgence of more British buyers over the last three months.  The estate agent is also finally getting some more interest from the Germans and Dutch.  

Chris continues, “Prices seem to be holding steady and offers are not as stupid as they have been.  For example houses priced at 195,000 euros are selling for around 185,000 euros - so sensible offers are being accepted but nothing insulting.  It should be remembered however that, unlike most agents, we do accurately and realistically value properties and will not list a house unless we think it is priced for the market and we can sell it.  Our asking prices are normally pretty close to the selling price - better for the seller, the buyer and us.”

Chris does however see some problems on the horizon.  “The main issue is that bank funding will continue to be a problem in Spain.  If a buyer wants more than 50% loan-to-value and the property is not bank owned, it really is a no-go situation.  This will limit the market to wealthier cash-rich buyers or steer people in the direction of, often less desirable, repossessed homes.  The good news is that the majority of bank owned units in our area of Murcia have now been sold, so next year there will be less and less on the market and the banks can perhaps turn their attention once more to lending on the normal resale market without distraction.”

“As for Spain’s Bad Bank, SAREB, I don’t think it will have much, if any, impact in our area.  95% of our sales at Mercers are of privately owned resale properties to buyers who are either funding the purchase with cash or with finance from their home nation.” 
Add a comment...

Post has attachment
Wait while more posts are being loaded