According to a new report by Saga a third of people in the UK over the age of 50 are interested in purchasing property abroad.

Saga's report reveals that while many people wish to buy a home abroad, a third of those questioned said that they are deterred by the legal complexities of buying a property overseas , while others said that the language barrier presented a potential problem.

Commenting on the trend for buying properties abroad, Andrew Goodsell, chief executive of Saga, says that Spain remains a favourite destination for many potential investors.

"Spain has always been a popular choice for those looking to purchase a holiday home – its sunnier climes, relatively lower cost of living, cheaper property prices and its close proximity mean it is the perfect choice for those looking to get away for a few weeks each year," he remarks.

Rhiannon Williamson, director of Amberlamb property investment, recently said that there is "strong" demand from both retirees and people seeking a second home for properties in inland Spain.

Retirees often find properties in such locations are cheaper and larger sites are more available, she added.