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Spain is currently "a buyer's market"
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Prices in Spain's property market are currently favourable for overseas buyers, according to Spain Magazine.

The publication's Oliver Chandler stated that the country is ideal for those looking to purchase a holiday home abroad, or for UK residents looking to emigrate to another country.

And he singled out the south of the country as the region most likely to attract buyers due to a fall in prices in the area, even though current exchange rates give the euro strength over the pound.

"[It] is right on your doorstep and it's only an hour's flight away," he said when questioned on the reasons behind Spain's popularity, adding that the good weather and easy accessibility make it attractive to the British public.

According to the Association of International Property Professionals, 25.4 per cent of all foreign properties purchased by UK residents last year were in Spain, with the average amount spent on an overseas property being £99,200.ADNFCR-1100-ID-18818591-ADNFCR

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Date Published: 09 October 2008

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