Adrian Warriner, managing director at Spanish-Living.com, explained how the country is still "an attractive option", despite the economic downturn.
"It's such an enduring market and consistently strong attraction for holidaymakers from all over the world," he added.
The potential for strong rental to vacationers is said to be one of the reasons why investors remain keen to snap up homes in Spain, rather than emerging markets such as Bulgaria.
Similarly, while Egypt was proving popular in recent years, the recent, unrest has put some people off investing in the nation.
Those interested in purchasing a Spanish property may want take note of Mr Warriner's advice on what to consider before signing a contract.
Firstly, the expert recommended finding a "good English-speaking lawyer who will leave no stone unturned and a real-estate agent with experience and local knowledge".
Mr Warriner described how thorough "homework" is the key to ensuring a good purchase is made.
Researching the local area and the people who live there was described as being as important as finding out about a property.
When it comes to choosing a home, investors were urged to set themselves a budget and ensure they stick to it, rather than making money transfers that exceed their funds.
"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," Mr Warriner remarked, adding that it is not worth going over a budget.
In conclusion, the expert claimed that now is an ideal time to make a purchase in Spain as the market is not far from "rock bottom" and the government and banks are offering good incentives.
Posted by Chris Barber
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