The problem is now according to the last figures which are for 2019 because of the pandemic, the Brits purchased twice as much property in Spain almost 15% than any other country, but because of the debt the UK will be in for decades, I would think that figure will crash, at the moment it is 3%
The people at the moment buying appear to be Romainims & Russians, loverly if you want the maffia, people smugglers & slave traders just like the worst criminals in the UK in any part of Spain, having experienced the latter in a complex we owned a property in, it was not a happy time, the rules do not concern them.
The estate agent body along with the Government in Spain agree that property prices could go down upto 20% last year & think they will go a lot lower because of the lack of buyers from the UK
In Tenerife I remember a few years ago looking at PR & Del estate agent sites, look at them now they have loads more properties for sale & they normally take 1 to 2 years to sell.
It is not gloom & doom, all the countries in Europe are going to be in the same position as the UK, mounting debt, massive unemployment, this virus is not going to go away, whatever vaccine they come up with, it will mutate just like flu & be with us for years to come