Property in Portugal could be a "top value" proposition given the country’s low cost of living and favourable exchange rate.

Sarah Munro, head of Post Office Travel Services, notes that many Britons are currently confused as to which countries in Europe are part of the single currency eurozone.

However, long-term favourites remain popular, meaning many UK residents continue to head to property in Portugal and Spain.

"It’s not always about what you can get for your pound, but what your pound can get for you abroad," she says.

"Countries such as Portugal or Spain can prove to be tremendous value."

However, she adds that it is worth doing some research before heading to a new destination – not only into the cost of living in that country or region.

Ms Munro also recommends checking exchange rates and how they have shifted recently.

On arrival, it is also important to be aware of the conversion rate between sterling and the local currency, to avoid spending too much by accident.

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