Property analysts have forecast that the Balearic island of Mallorca will be this year's hottest Spanish destination.
As confidence in European property markets continue on the road to recovery, a growing number of investors are expected to increase their exposure to the market.
The Balearics' property market remains strong, with a 145 per cent increase in property sales in 2010 compared to 2009 recorded by the Public Works Ministry.
Ignacio Osle, sales and marketing director of Taylor Wimpey de Espana, claimed that it is easy to see why the Mediterranean island is proving popular with buyers.
"Over the last 12 months we have seen both visitor numbers and enquires for property on Mallorca rise steadily," Mr Osle said.
"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."
It follows a recent study by Aviva which found that more Brits that ever before are considering emigrating.
Some 46 per cent of those questioned by the insurance firm claim that they are considering a permanent move abroad - with Spain one of the most popular countries for relocation.