For years Majorca has been the favourite destination for European holidaymakers, and has helped Spain to be the holiday country it is today.
Switzerland, Austria and Andorra were among the European ski countries last year who saw a decline in ski holiday visitors, and Andorra has been investing in her facilities to try and tempt the skiiers she lost back for the 2008 season.
Two of Europe's top tax havens - Monaco and Andorra - are seeing an influx of funds to their banks, despite governments worldwide actively trying to stop their citizens using tax havens to bank their money.
Cheap flights have enabled millions more families to take a holiday in an overseas destination, and many European coastal resorts have developed to cater for the increase in tourists.
The megayacht industry has blossomed over the last ten years, with multi millionaires and billionaires buying yachts in the tens of millions of Euros price range - and when it comes to some billionaires they seem intent on buying a fleet that would put some small countries navies to shame.
Little known outside of the skiing and financial communities, the small European tax haven of Andorra has seen some startling rises in her property values in the last two years, with a repeat performance in 2007 possible.
When it comes to environmental issues and European royalty, Britain's Prince Charles has famously led the debate on global warming and climate issues for a generation.
The call for new taxes on flights to reduce carbon emissions could impact the prices of properties, according to Tribune Properties, who specialise in the sale of overseas property to second home buyers.
With tourism consistently in decline, the Mediterranean island of Malta is hoping that 2007 will see new life breathed into her hotel and holidays industry.
The incoming population of Europe's favourite tax haven is changing, according to Monaco travel guide http://www.yourmonaco.com
A second leading international estate agency has backed predictions made by Malta property specialists Tribune properties that Malta could see steep price rises in the year ahead.
Already on par with real estate prices in New York and London, Monaco property prices could be set to go even higher in 2007.
The number of British people moving to the tax haven of Monaco has increased dramatically in recent years, with some estate agents in the Principality claiming that four in ten of their buyers are now from the UK, compared to just one in ten a few years ago.
Rumours have become reality and the news that low cost airlines are to fly to Malta has given the Mediterranean island's property industry hope that 2007 could be an exceptional year for price rises and sales.
