Individuals looking for European property may be interested to hear that there are plenty of bargains to be found in Spain.
This is the opinion of Steve Reid, retail director at Clydesdale Bank, who believes that now could be a good time to take advantage of discounts in the country's real estate market.
"With prices in Spain coming down so much there are potential bargains to be had for those looking to buy," he confirmed.
"However, many are intimidated by the idea of dealing with a foreign house-buying process, where different rules and language barriers can add to the stress, and may want to see how Spanish property prices fare."
His comments come after Clydesdale and Yorkshire Banks launched a new service for individuals looking to buy property in the country.
The two organisations are offering UK buyers the opportunity to rent a home in Spain before purchasing it so that they can see how the recovering market fares and reduce risk.
Earlier this month, the National Association of Estate Agents International claimed that not investing in the country and waiting for the market to stabilise does not guarantee buyers a better price for homes.
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