Despite the Spanish property market experiencing a tough time of late, the holiday rentals sector is seeing strong growth in booking enquiries this year.
This is being led in particular by searches for homes on the island of Mallorca, according to latest data from HomeAway Holiday Rentals.
The firm has seen a 39 per cent increase in booking enquiries in the first three months of the year, compared to the same period in 2010.
Ignacio Osle, sales and marketing director of Taylor Wimpey de Espana, confirmed that both visitor numbers and searches have risen steadily in the past 12 months.
"Buyers from the UK and Europe are not only looking at the traditional property hotspots on the mainland but further afield to Spain's stunning islands such as Mallorca," he added.
It follows a recent forecast from property analysts which suggested that the Balearic island of Mallorca will be this year's hottest Spanish destination.
As confidence in European property markets continues on the road to recovery, a growing number of investors are expected to increase their exposure to the market.