The number of properties purchased in Spain by foreigners rose for five consecutive quarters between 2011 and 2012. However, agent Spanish Hot Properties fears there may not be enough luxury 'stock' to go round.

In 2012, sales and turnover for Spanish Hot Properties were both up 25% on 2011. For 2013 the estate agent has even higher hopes, a 50% predicted increase in turnover on 2012. So why the positivity?