Spain is still a hugely attractive country for property investment, an information site has said, presenting a stable alternative to more turbulent markets such as Egypt and Bulgaria.

Conrad A. Bedford said Spain's big banks are still holding a lot of empty properties from the construction slowdown from four years ago.

They are drip-feeding it back into the market to maintain stability, but even without this measure Spain would remain "an enduring market and consistently strong attraction for holiday-makers".

Low interest rates, 100 per cent finance offers in many cases and the Spanish government's decision to halve value added tax on new property purchases will also help those seeking overseas property for sale to find a bargain.

"If you're a serious buyer and have the money available, you'd be amazed at what some determined haggling can get you at this moment,". Some sellers are entertaining offers that would have been "unthinkable" less than 18 months ago, he went on to say. Overseas Property in Spain is getting ready to heat up a little with the Spanish Government offering reduced purchase tax to encourage buyers.