Although the Credit Crunch is depressing the market, the economy and just about everyone you talk to there are still some great bargains to be had in Spain, so here are some useful tips to buying a property in Spain:

1. Make sure you actually go to Spain and have a good look around to find a place you like.

For anyone who dreams of downsizing in the UK to free up some cash and buy an old farmhouse among lavender fields, now could be the time to pounce. What was unaffordable two years ago, might not be now

A Daily Telegraph survey of property experts showed their estimates of when UK house prices will be at their lowest ranged from last Thursday to May 2010. The mid-point is in seven-and-a-half months time.

The housing market is being hit by a combination of the mortgage shortage, rising unemployment and an expectation among potential buyers that prices still have further to fall.

The recession, fewer flights to Spain, the exchange rate ….. all reasons why there are more holiday homes in Spain available for rent than at any time before, and it is likley to get ‘worse’ with investers starting to snap up distressed properties in Spain with a view to making returns in the longer term, and with mortgages cheaper than ever, even if they aren’t cash buyers they can still make reasonable yields.