BuyAssociation editor Paul Collins explained that investors should be cautious about purchasing assets just yet, as further falls are expected.
He said: "There is still significant inertia in the property market in Spain, with developers, agents and private sellers alike struggling to move properties."
However, Mr Collins cited research by JP Morgan Chase & Co estimating that the industry is set to "bottom out" over the next 12 months and begin to recover.
With these signs of improvement on the horizon, property investors may soon return to the Mediterranean country.
This week, Rouge Property director and founder David Freeman highlighted how homes in the US are also currently very cheap and people can get a great return for their money by investing in such assets.
Posted by Chris Weaver