32.5% of all enquiries made through moneynetinternational's Global Mortgage Service for the period September-December 2002 were for the purchase of a property based in mainland Spain.
Richard Brown, chief executive of moneynetinternational.com, said: "Cheap flights, easy access, and good weather almost guaranteed - as well as a good quality of living - makes Spain an ideal choice for anyone purchasing a second or holiday home".
The UK, which remained the second top destination, accounted for 15% of enquiries (up 1% on last quarter) while Italy was a newcomer into the top three, attracting 11.3% of enquiries and knocking France into fourth place with 10% of enquiries.