According to a poll carried out by YouGov Omnibus, 26% of those considering buying would look to make a purchase in Spain within the next two years.

Many British people think that now is a good time to invest in the Spanish property market, with 48% of those considering buying a foreign property saying they believe Spanish property prices are currently at their lowest in recent years.

Spain has suffered badly during the global economic downturn, with its property market hit particularly hard after many years of rapid construction in an unsustainable boom. The Spanish Government is desperate to re-inspire market confidence and has introduced several measures designed to achieve this as the sector is crucial to the country’s overall economy.

Among Britons looking to invest overseas, almost a third (30%) believe the Spanish market will pick up and prices will increase in the next five years, compared to one in five (20%) that think they will continue to drop.

Steve Hamilton of Compass Overseas Property said:

“A large number of Britons see that the overseas property market offers a great opportunity for buyers to acquire a dream overseas property over the next couple of years. With house prices in the UK climbing steeply, many see foreign property as a good way to either get on the first rung of the housing ladder or buy a place to retire. Spain was particularly hard-hit by the economic downturn but many of us are now looking to it as a place to get a good house at a cheap price.”