Investing in property overseas is something that is getting more and more publicity in the UK every year, as middle aged people around London and the home counties find themselves living in mortgage-free million pound houses as a result of incredible price inflation over the past twenty years. For many, the choice is not whether, but where to invest that excess cash in property.

For skiing enthusiasts, Andorra properties are an attractive proposition. The Spanish-speaking enclave in the Pyrenees has always been a favourite haunt of the European jetset and prices reflect this. If you have a couple of hundred thousand euros lying around which you would like to turn into that dream property for winters on the piste Andorra could be the perfect destination for you. The economy is stable and a property in Andorra is very easy to let out when you are not there as demand for rental properties is consistently high during the ski season.

A place in Andorra is among the most expensive options when it comes to Spain properties. The principality is one of the most exclusive places to live and attracts the super-wealthy as a result of handsome tax breaks. More popular parts of Spain for UK property investment are the Costas - with their large 'retirement villages' - and the cities of Barcelona, Madrid and Seville. All three are among the most exciting places in Europe and are great to visit year-round, when the grey skies of London get too much.

If you don't mind grey winter skies and are more interested in having a good time, property in Slovakia or Estonia Properties might be just what you are looking for. The Eastern European property markets are absolutely booming as Europe expands eastwards and bargain flights make more and more destinations a reality for investors. This effect has been particularly pronounced for Hungary properties, which have gone up steeply in value in the last decade. The capital cities of former-Soviet satellite states are known as party capitals fighting hard to shake of the shackles of their former rulers. The first generation of people from these nations to grow up without the shadow of Moscow looming large are rapidly changing the international perception of these vibrant cities.

Another popular alternative for British buyers is property in Italy. Although there is some controversy regarding the effect of a British influx on the cost of living for many rural Italians, it is little wonder so many people want to live there - Italy is a beautiful country with great weather, amazing shopping in the north and fabulous food in the south.