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British property-buyers undeterred by the UK’s vote for Brexit will continue to benefit from cheap euro mortgages in Spain for the foreseeable future, said in July, adding that buyers could also see prices along the Costas become more negotiable.

Messages from Spain’s leading banks indicate that lending criteria for UK clients will change only slightly if at all, with lenders keen to keep their doors open to Britons, who constitute a large percentage of their business. Meanwhile, the European Central Bank (ECB) has confirmed that interest rates in the Eurozone will remain low for a sustained period, enabling Spanish banks to pass on low rates to mortgage clients, including non-resident foreigners.

“Brexit is as much a threat to the recovery of Eurozone economies, including Spain, which on its own has a deficit with the UK, as it is to the UK,” said...

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