It could be a good time for people relocating abroad to invest in Spanish real estate.
Property-Abroad.com director Les Calvert suggested that expatriates who have found the house they want might want to "wait and see" what happens to prices if the premises is at the top end of affordability.
However, other individuals who have found a building they can afford that fits all of their criteria ought to "buy it there and then", he stated, noting this means they will not be at risk of losing the property in the future.
The specialist revealed his company generally advises clients to purchase their ideal house immediately, regardless of whether its value could fall another "ten, 15 or 20 per cent".
"If you have found what you want and you are happy with the price, then buy it," he asserted.
Favourable mortgage deals could also help people get a good deal on Spanish property, Colordarcy.com managing director Loxley McKenzie recently stated.