ALMOST half of mortgage enquiries for overseas properties currently relate to Spanish assets, according to a specialist.
Conti said 43% of those looking to take out a property loan are considering buying in Spain, and demand for assets in the country has outperformed France for the past two months.
Clare Nessling, director, said: “Mortgage rates are very low, the pound has been getting stronger, and prices are still bottoming out in some areas.
“People who have been putting their plans on hold for the last year or two are taking advantage of the favourable conditions open to them.”
Buyers can generally borrow up to 65% of the value of the property.
The firm said Spanish lenders are still willing to provide finance to foreign nationals, particularly if they can prove they have a sound financial profile.