If you are looking for somewhere to buy a holiday cottage abroad, Catalonia has been named the best place to buy, with high rental yields and great tourism.
The Spanish region ranked high for return of investment alongside Orlando in Florida and New York City both in the US.
Online holiday home insurance provider Schofields have compiled the most visited countries 2013, based on tourism figures and looked into the costs of purchasing property suitable for a family holiday let.
They took into consideration house prices of the most popular destinations, the average rental income to work out return on investment for such a property.
Phil Schofield of Schofields Holiday Home Insurance said: ‘For those looking to invest in property, a holiday home is a great choice, especially abroad. Not only can you make money from rental incomes, but it also offers you an option to have somewhere to stay when you want a holiday.
‘The returns of investment we found were good, especially when you consider how long you keep the property. Obviously when looking for property abroad, you need to be aware of local laws and any costs that might be incurred in the country you’re buying in.’
When looking into the best places you can buy a holiday home abroad, the research found that Catalonia in Spain ranks top for return of investment. Spain consistently sees high tourist numbers year after year, coming in third place in 2013 with 60.7 million visitors to the country.
They also looked at the most popular regions for tourism in Spain for 2013 which were; Andalucia, Balearic Islands, Catalonia and Canary Islands. In Catalonia they found you could get 18.59 per cent return of investment on a holiday home property, the highest return of investment (ROI).