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UK residents who are planning on relocating abroad and searching for a new home in Europe may find some good value property deals, but need to be wary of potential risks.
Editor at BuyAssociation Paul Collins explained the debt crisis currently being experienced by many European nations may unearth "some fantastic bargains".
However, he observed governments under pressure to close their budget deficits could introduce new legislation in future that may adversely affect residents, such as higher property taxes.
Any purchase "has to be tempered with the realisation of additional potential changes that can come along", Mr Collins said, adding people planning on buying overseas property need to ensure they are protected from risks as much as possible.
Spain is a popular destination for expatriates and head of Spanish Property Insight Mark Stucklin recently explained prices of properties in some coastal areas have declined by over 50 per cent, making them attractive propositions.
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