UK investors may be interested to find that the prices of property in Spain are set to fall again in 2010 before gradually picking up.

The report from Reuters reveals that anyone looking to invest in the country could take advantage and find a bargain in amongst the uncertainty of the housing market in Spain.

The global recession has had a huge bearing on the ability to sell property in Spain with many Spanish people unable to take out a mortgage and some homes being too rural for British holiday home buyers.

However, after house prices in the country fell by another six per cent this year and with the re-emergence of the pound, many investors could see an opening in the market.

Lorena Mullor at the Spanish Mortgage Association said: "There are a lot of people with solvency problems or who are unemployed and so they cannot get a loan from the bank."

According to a study carried out by Skyscanner, Spain remains the UK’s most searched for holiday destination, with five of its cities featuring in the top ten locations.

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