Real estate experts have claimed that with repossessions increasing, foreign property seekers were being presented with some excellent investment opportunities in Spain.

Reflecting on the effects of the ‘credit squeeze,’ real estate firm Propertyinspain.net claimed that repossessions were bringing a steady supply of properties back onto the market, providing bargain opportunities.

The company claimed that the growth of the Spanish economy and strong job creation in particular areas made buy-to-let purchases on re-sale properties a sound investment, with plenty of new workers in the area guaranteed to supply rental demand.

Terry Walker, spokesperson for propertyinspain.net, advised buy-to-let buying in Spain, claiming: “Some of the areas where they’re located are showing economic growth anyway. People are coming in with the new IT and logistics industries.”

Explaining the new availability of quality properties, Mr Walker added: “There are properties for about 30,000 euros but spend the same again and you’ve got a lovely family house in the middle of a village.”

He added that the Costa del Sol – already a highly desirable area for British buyers – was one of the areas presenting bargain buys after repossessions.

The fundamental factors which support a foreign property investment can be found in Spain, experts have stated.

According to ShelterOffshore.com, overseas property investors need their chosen market to meet certain criteria, such as being accessible and offering a modern infrastructure.

The online portal said this can easily be found in Spain, along with attractions such as the Mediterranean coastline and its good climate.

ShelterOffshore.com said; “There are genuine, fundamental, undeniable and unshakeable reasons why people want to holiday in Spain.”

The website added that the country is also a very familiar and established destination for people in the UK.

This could be an important issue for prospective buyers, as ShelterOffshore.com said they should consider whether a resort has the longevity to make it a sustainable investment.

According to figures from Holiday-Rentals, about one in three British-owned holiday homes in Europe are located in Spain.

Accessibility to a country is one of the most important factors to consider when eyeing up a property purchase away from the UK.

This is according to the Telegraph, which reports that regional governments are always keen to attract budget airlines - such as easyJet, Monarch and Ryanair - to establish routes linking to their regions.

Destinations with more links to foreign countries can be attractive to investors as they know that there could be more of a market to tap into.

However, the newspaper does warn that investors need to be aware of the negative side of this - when carriers drop services unexpectedly.

It states that airlines can change their plans “with little warning”, which is something those people making an overseas property investment should be aware of.

One reason Spain has been popular for property investment is because there are frequent flights from a variety of airlines and airports across the UK.

Leading investment bank Bancaja has continued its positive strides of recent years, gaining an encouraging report from an independent credit review.

Bancaja, Spain’s third largest savings bank, was reviewed by Moody’s Investors Service, with the long-term rating of the group confirmed at A1.

Moody’s highlighted the group’s rising margins over the last few years – especially business margins- and commended Bancaja for favouring a good efficiency ratio.

Meanwhile, the bank’s short-term rating was confirmed at P1 level, while financial strength ratings also held their C+ level – identified by Moody’s as impressive achievements in the current market situation.

A key element of Bancaja’s business is its real estate branch, an element of the firm that Moody’s singled out for particular praise.

The risk analysis and financial review specialist said that Bancaja’s concentration of risk in the real estate sector was considerably lower than average in the savings banking sector – making the firm less vulnerable to the difficulties currently affecting other real estate and mortgage lenders.