Barcelona presents a "tremendous opportunity"

Spanish cities such as Barcelona could tempt those looking to invest in overseas property, it has been claimed.

A report in the Times has highlighted the Catalan capital as one city where buyers may wish to make purchases, as there are a variety of bargains available due to a recent fall in prices.

Alex Vaughan of estate agents Lucas Fox told the newspaper that "there are opportunities all over the city" for those looking to purchase property, while Rita Fryer of buying agency The Property Finders explained that there is currently a "tremendous opportunity" to invest, adding: "There hasn't been any downturn in demand for short-let flats this year."

One thing potential buyers may wish to note is the importance of the property holding a tourist licence, as the council is no longer issuing new ones.

It was recently announced that a new high-speed railway line linking Barcelona with Seville and Malaga is to be opened.

The journey time will take under six hours, Typically Spanish reported.