Given the roller coaster ride property markets across Europe have been on in recent years, do you ever wonder what you could buy in Spain for the same value as your UK home?

For anyone planning a permanent move to the Costas, this will no doubt be a major consideration. Prices in parts of Spain have fallen by up to 50 per cent since 2008. In the UK, the average price of a home peaked in late 2007, then plunged rapidly in 2008 before recovering in 2009 and reaching a plateau in 2010 and 2011.

To give you an idea of how property prices in the two countries compare today, we’ve found two recently reduced apartments for sale on Spain’s Costa Blanca and reveal what you would get for the same price of each in a coastal spot in the south of England.

First up is this three-bedroom penthouse apartment in Cabo Roig. On a complex with a shared pool and a few minutes’ walk from the beach, the property is on the market for €145,000 (£114K), reduced from its original 2009 price of €185,000.

By comparison, above shows the front of a one-bedroom second floor flat in Worthing, West Sussex, on the market for £120,000. It also is just a couple of minutes’ walk from the seafront.

If you prefer the northern Costa Blanca, this detached villa in Moraira might be more suitable. With four bedrooms, a private pool and stunning sea and countryside views, it’s currently on the market for €299,000 (£235,000), reduced from €397,000.

By comparison, above is two-bedroom detached bungalow in Bournemouth, Dorset, on the market for £235,000.

For details of property for sale all over Spain, visit the Spanish listings on Rightmove Overseas. One way to save money when buying in Spain is to use a currency specialist when transferring your pounds into euros to complete the purchase of your property. For more information on this, contact Smart Currency Exchange or visit the Currency Zone.

To understand the full step-by-step process to buying a property in Spain, collect The Overseas Guides Company’s ‘Spain Property Buying Guide’