Consider Why You Wish To Buy A Holiday Villa

There are a number of possible reasons:

You want to retire somewhere warmer - haven't you heard about global warming?! You have spare cash/equity now and/or have an income that can support the purchase of a home abroad.
You want to change direction in a few years. Building up a property portfolio could allow you to emigrate without the need to work locally. Perhaps you also have an internet based business which can be run from anywhere with a broadband facility and like the sun on your back - now that's a good idea!
Other investments do not appeal. Many of the real experts predict a sharp fall in the stock market and property might be a safer haven. However, property prices can fall too. Remember only two prices actually matter: the price you pay and the price you receive when you sell; what happens in the meantime doesn't really matter, although few train themselves to ignore this.

Think carefully about your reasons for buying a second property. The reasons will affect your choice of where you should buy.