The credit crunch is having a major impact on overseas property owners who are finding it more expensive to visit their second homes.

Property prices in Crete are increasing and offering new opportunities for investment thanks to a number of luxury developments, it is claimed.

The owners of buy-to-let holiday properties in southern Spain are experiencing a devastating fall in rental this summer with some suffering a 50% downturn compared with last year.

It is only accessible twice a week, but the Fijian island of Koro is expecting to see annual capital appreciation of at least 30% over the next two years.

Direct flights from Europe to Belize from next year are expected to boost the value of property on the former British colony.

Property prices are holding up well in France and reasonably prices are available in the less know regions.

Work on the much anticipated international airport for the Caribbean island of St Vincent has started along with a promise from the government that it will open on time in 2011.

When in Rome do as the Romans do - when in Italy do as the Italians do and that means investing in property around Lake Garda, according to a leading agency.

Cambodia's national airline which was scrapped with massive losses in 2000 is to be re-launched at the start of a push to encourage more international interest in the country.

Property sales in Spain plummeted 24.4 percent in February from a year earlier, according to official data, in yet another sign of the sharp downturn in the once booming real estate market.

Moves are afoot in Murcia, a lesser-known part of south-eastern Spain, that will increase facilities in the region and jolt interest in property, it is claimed.

The start of two new international airlines services to Dubai and Abu Dhabi are set to increase the Emirates' attractiveness as an international destination for businesspeople, holiday travellers and international real estate investors.

While experts predict that Spanish property is on a downward trend, the doom and gloom brigade are not putting of those who see this popular country as a good long term investment.

France is attracting increased levels of interest from UK-based property investors according to experts. The country's popularity is helped by no serious impact from the credit crunch currently beleaguering the US, faster Eurostar rail services from London and new low cost airline routes this summer.

Tenerife has become a well known, worthwhile location for investment, with its exceedingly quality lifestyle and its low property prices.

The Irish airline Aer Lingus has announced a new route linking Belfast to the French capital Paris, which is expected to make life easier for home buyers.

Low prices and growing economy help, but UK and European investors look to affordable airline prices as a reason to buy in foreign countries.