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Property in Costa Calida
Costa Calida, which means the warm coast, is the name ofone of the smallest regions in Spain, Murcia. Opposite most other regions, Murcia is only one province and it is located between Almeria, forming part of Andalucia in the South-West, and Alicante, forming part of Valencia in the North-East.
Costa Calida has traditionally been an agricultural province with a minor focus on Spanish tourism. It is only within the last 5-10 years that foreigners have started to become interested in Costa Calida both as a tourist location and to buy a property here.
It is one of the most unspoilt coastal provinces in Spain with about 170km of coastline but within the last 10 years there have been many new and upcoming areas.
One of the biggest attractions and most popular areas amongst foreigners in the Costa Calida is called Mar Menor. Here you can find Europe's largest salt water lagoon, (over 170 sq km) which is separated from the Mediterranean Sea by a stretch of land known as 'La Manga'.
There are many new promotions taking place in this region and although the total number of properties built in 2006 is at the same level of neighbouring Costa Blanca or Costa del Sol (+40,000 new properties build in 2006) the province still keeps an unspoilt appearance.
Many foreigners decide to settle down in this area because of the nice climate and unharmed natural surroundings and of course due to the prices of new properties, which are amongst the lowest in all the coastal provinces of Spain. The average price for a property in Costa Calida is around 2200Eur per square meter (the way house prices officially are measured by the Ministry of Housing in Spain). In the best locations near the Mar Menor prices are a bit higher but if you are willing to look a little further to the south you can find new coastal properties for less than 2000Eur per m2.