However, with few buyers around, you may find you have your pick of bargains. Rental opportunities can be limited in Spain as people prefer to buy, and with property prices low you may find you have more choice to buy than to rent.
You can find more information on rental properties in Expatica's guide to renting in Spain. There are no restrictions on buying property in Spain, whether it's commercial, residential or land.
In fact, Spain encourages investment by foreigners, both resident and non-resident.
Be wary of anyone who asks for payments upfront or suggests cutting corners.
Always remember that you can choose your own notary, mortgage provider and so forth – you do not need to use a service suggested by the estate agent.
Many British real estate websites also list Spanish properties, with some online portals listing thousands of options.
However, these mostly focus on holiday homes, so you may prefer to use a Spanish site, such as the ones listed below.The Spanish property market has many quirks, and it pays to do your own property market research before buying a house in Spain.Knowing what to expect when buying a property in Spain can help reduce any pitfalls of setting up your life abroad.This means that even if property prices rise during your stay, you'll probably need to live in the property for around three years to come out ahead in a strictly financial sense.For those considering a shorter stay however, renting could be a more suitable option if you factor in Spain's capital gains tax of more than 20 percent, which could offset any benefits of buying in the short-term.Spain currently offers a 'golden visa' program for property owners. If you invest more than EUR 500,000 in Spanish property, buying one or more properties, you will normally then be automatically eligible for a residency visa.