Opportunities abundant in Spanish property market

Property prices in Spain have tumbled over the past few years, meaning the individuals looking to bag a bargain in the country have every opportunity to do so.

In particular, the Costa del Sol and Costa Blanca have been worst hit by the downturn - showing bigger declines than the rest of the country.

This could be good news for those looking for property in Spain with both areas also boasting a large number of distressed properties which are available at large discounts compared to the rest of the market.

Mark Stucklin, of Spanish Property Insight, said: "We have to keep in mind that it might be just a temporary anomaly lasting a few months after which prices return to an improving trend."

However, the real estate expert added that it is possible that home prices in Spain are still some way from reaching the bottom of the market yet.

"More likely it shows that average Spanish property prices have still not fallen enough, and vendors are having to give more ground to find buyers," he explained.

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