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THE Spanish property market turmoil of the past three years has caused residential values to plummet across the country - creating numerous property bargains in the process. Yet new research now suggests that even more property bargains could soon become available.

A report released by Moody's Investor Service shows that a record number of homes were repossessed during the first quarter of this year. Although unfortunate, this is presenting further opportunities to buy cheap homes, and with many Spain property experts suggesting that the market is showing tentative signs of recovery, now could be the ideal time to snap up a bargain property in Spain.