According to latest data revealed by Property-Abroad. com, Spain has gained popularity among the potential property. It has become the second most seek out destination for property investment.

Spain’s holiday villas have succeeded in attracting the attention of property buyers.

In its report Spanish property website, Kyero. com said that there was a 63 per cent rise in the number of unique visitors to website for the very first week of 2010 in contrast to same period last year.

However, property experts are also advising potential buyers to have a cautious approach in Spanish property market.

Mr. Paul Bradley, a spokesperson for the Spanish Property Owners Guild (SPOG), said that increase in popularity of Spanish property over the last year was quite expected.

Mr. Bradley suggested the investors to wait for some more time before investing as property rates in Spain are expected to further come down. He added that currently renting holiday villas in Spain is more favorable alternative.

Mr. Ignacio Vasallo, UK and Europe director of the Spanish Tourism Office said that the city has justified its candidature for the European Capital of Culture crown in 2016.