The pound is certainly a factor holding back our purchase. We can now afford to buy in Spain, but as some of our funding is in UK pounds, it does make us reluctant to “jump”. My perception is that Spanish property is not good value yet, and the low purchasing power of our UK funds, just hardens our view of the market.
But the real big issue is that suitable property, at a sensible price is still in short supply here (Alicante). If the pound went back to 1.45 or better, we’d be keener to buy, and haggle a little less hard.
Having said all that, I guess we are atypical buyers, so probably not significant as UK buyers go.