Spain and Portugal properties 'more affordable now'
 
 

Research by money exchange firm Currency Index indicated that a combination of factors have made buying in such countries less expensive, with prices, mortgage costs and exchange rates all increasingly favourable, the Press and Journal reports.

The Spanish Costas have seen the largest improvements in affordability, with price drops of up to 30 per cent for two-bedroom apartments.

Spokesman for the firm Robin Haynes told the paper: "With property prices and mortgage repayments now significantly lower than in 2008 in many of the UK's favourite foreign holiday-home destinations, we are seeing a renewed demand for currency exchange."

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