Property investors looking for a chance to get aboard the buy-to-let market with a second home could find fantastic returns when purchasing in Spain, with the Iberian nation once again proving itself to be the most popular overseas destination with holidaying Brits.
The biggest consideration for investors abroad is a consistent and steady level of income, and with Spain predicted to see the highest number of visitors from the UK this year, as it did in 2012, holiday home insurance customers will be eyeing the country up once again.
According to data released by the governmental organisation the Spanish Institute for Tourism Studies (IET), there was 6.5 per cent more spent in Spain by Brits on holiday in January of 2013 than there was a year earlier.
The market has proved so popular with Brits that the number investing in holiday homes in Spain in the last year grew by a full 24 per cent according to Taylor Wimpey Espana.
The firm said that many people are seeing Spain as a place to buy themselves a temporary second home where they can spend a great deal of their time and turn the nation into something more than just a location for an annual break.
"Spain has held a place in British holidaymakers' hearts for decades, but now we are finding that more and more Brits are wanting more than just a holiday. They are looking for permanent or second homes in Spain, taking advantage of the country's current bargain property prices. Mallorca and the Costa Blanca are proving particularly popular areas, with their obvious delights of wide sandy beaches and charming laidback towns," added Marc Pritchard, sales and marketing director of Taylor Wimpey Espana.
The options with regards investment in Spain are endless, with popular coastal destinations and large cities like Barcelona and Madrid being the fodder of many tourists, while small fishing villages can be perfect for those who want something quieter and relaxing in the sun.