The Spanish property market could be poised to experience a recovery, as figures have shown the decline in sales to have slowed.

According to Reuters, there were 34,895 sales in the country in March – 24.3 per cent less than the same month a year ago.

However, the figures from the National Statistics Institute represented the slowest decline to have been seen for 11 months and the news source noted that banks have also been lending more.

Reuters added that experts are expecting repossessions to mean values drop further further, which could result in more bargains being available for those seeking Spanish property.

Carlos Maravall, economist at the AFI Consultancy, was quoted as saying: "We’ve had a very sharp fall in terms of house sale numbers and what remains to be seen is a price fall."

Meanwhile, homeoverseas.co.uk has revealed that Spanish property has regained its position as most popular among British buyers, replacing Portugal.

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