For example self-catering holiday homes in the Sardinian town of Alghero are currently pulling in holidaymakers like flies, attracting over five times the number of holidaymaker enquiries than average, according to the UK's No.1 holiday home website.
It is just one of several oversubscribed and under invested areas identified by holidaylettings.co.uk. 'This sends a clear message to investors and estate agents on the potential these markets have for overseas property investment, said Ross Elder, managing director.
They include Sardinia, Italy's number one sunshine spot, Gran Canaria, Malta, Ibiza and Marrakech, all of which are attracting around double the average amount of enquiries from holidaymakers.
Gran Canaria has seen relatively little holiday home investment when compared to nearby Tenerife and Lanzarote, yet still offers an almost year round summer climate in just a short haul flight. Interestingly, few of the Canary Islands have yet to be tapped significantly by the biggest low-cost carriers easyJet and Ryanair, which may also affect the attraction for investors and holidaymakers.
'It is vital to consider the holidaymaker demand when choosing a destination to buy property. An investment hotspot has to demonstrate both sides of the coin if it is to appeal to mixed use investors. It is not just about the volume of people buying property in a location that matters, but whether it is a viable investment for achieving rental income,' added Mr Elder.
Canada is steaming ahead as holiday home investment hotspot and Thailand and Greece have shown the greatest growth in the volume of holiday homes advertised for short term let since November 2007.
