The town of Muro de Alcoy has come top of a list of the most popular investment spots in Spain.

A survey by Navalagamella Estudios found that the town, situated in the province of Alicante, was the favourite option among overseas buyers entering the Spanish market.

This was largely attributed to the ease of getting to the area, as budget airlines travelled to the airport in the region, which is less than hour away from the town itself.

The difference between being the number one destination in Spain and number four is keeping the journey time to and from the airport under an hour.

In addition, the warm weather for 12 months of the year was said to be an attractive feature of Muro de Alcoy, along with its relatively low flats prices.

The town came ahead of other places including Adra in Almeria and Tortosa, located in the province of Tarragona.

According to a study by Halifax, the average property value in Spain has risen by 100 per cent since 2002, beating the continent-wide average of 40 per cent.

Cheerio!!!!