Posted: Sun Aug 11, 2019 11:07am
I firmly believe that any property will sell at the right price and any reduction in possibly overpriced properties could be swallowed up with currency fluctuations. If you catch someone who is desperate to sell at a reduced price at the right time you could still end up having to pay tax on that "bargain" a few years down the line.
http://www.antonioguillen.co.uk/2017/10/buying-property-in-spain-under-value/
This is an interesting article, https://www.globalpropertyguide.com/Europe/Spain/Price-History
Brexit is going to be the biggest factor for UK buyers. For holiday home owners there will be restrictions on long stays and higher non-resident taxes and for those wanting to live here full-time there may well be higher financial thresholds for Residency.
My own experience is that moving to Spain was reliant on my own personal circumstances at the time and the general price of property and the exchange rate were not factors at all in my decision. I could have waited years for the exchange rate to improve or for something like the crash of 2007/8 and then the bottom could have fallen out of the UK market.
At least after Brexit you will be certain of what you can and can't do.