The Murcia region of Spain is defying current economic trends by showing healthy house sales According to the Spanish Ministry of Housing.

Latest figures show that in the first two quarters of 2008, the number of property sales in the province has risen by 11.2 percent, from 2,288 in the last two quarters of 2007 to 2,545 sales.

Confidence in the Murcia region appears to be growing and examples of this cane be seen in the town of Lorca.

Located in South-West Murcia, Lorca is surrounded by attractive mountainous terrain and has many architecturally interesting and historic buildings.

Average house prices have risen 6.5 percent year-on-year from an average of €246,000 in Quarter 3 2007 to €262,000 in Quarter 3 2008.

Information from the property portal Kyero.com shows that it is larger properties that are mostly bucking the trend with the average price of three bedroom houses in Lorca increasing 0.8 percent from Quarter 2 2007 (€245,000) to Quarter 2 2008 (€247,000) and four bedroom homes increasing in value further still, by 3.1 percent, from €291,000 in 2007 to €300,000 in 2008.

Mike Hamilton, MD of Murcia developer Casas de Lorca said: “We have noticed that more and more people are looking to buy larger properties, with the space and privacy of larger plots that simply cannot be found in the high-rise developments of old.

“This is why it is these properties that are increasing in value and desirability as a growing number of people recognise the value of space in and around a property, as well as experiencing the authentic Spanish way of life that can truly be found in the Lorca area.”

Casas de Lorca builds bespoke villas on rive acre plots of land surrounding the town of Lorca. Four bedroom villas are available at £244,000/ €329,000.

• Southern Cyprus property developer, Morpheus Investments has become a member of the Association of International Property Professionals (AIPP).

The body aims to improve the standards of professionalism in the international property market, helping the industry and the public.

AIPP Members voluntarily sign up to follow the AIPP Code of Conduct. This was established to help consumers know who the professional property companies are and illustrates a sign of commitment from each member.

Derek Hatton, director of Morpheus Investments said: “Being part of the AIPP means we can offer consumers professional confidence. The organisation also gives us industry professionals a united voice.”

Morpheus Investments was formed in 1996 and sells a range of exclusive Mediterranean-style villas and apartments in the regions of Larnaca, Tresefanou and Kiti, ranging from £60,000 to £550,000.

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