Interest in the top end of the Costa del Sol’s housing market is still very high, according to an expert.

Barbara Wood from The Property Finders said that affluent property buyers are still keen to snap up a residence in the region.

Speaking to the Times, she revealed that houses that are valued at about £624,000 or above are in high demand because they are in short supply.

This means that the slump which has hit many cheaper houses in the Costa del Sol is not affecting the market as a whole.

Ms Wood commented: “Every client I’ve had this year has had little need for finance.

“They have been watching the market and they are deciding it’s time to start looking in earnest.”

She added that while investors will not get “vast sums” knocked off the asking price of a property, they will not have to compromise on any other requirements.

This, she said, would be “crucial” for top-end buyers.

The Telegraph recently described the Costa del Sol as a “hugely popular location” for British property buyers.

Tags: Marbella, overseas property, Spanish Property