Malta tourism officials may focus on the housing situation as one way to turn its economy back around. Marketing vacant homes to foreign buyers and renters may be one small way to keep visitors coming back.

With a drop in the number of visitors over the last three years, Menorca property prices have looked precarious at the best of times. With the recession many owners are facing up to having to cut their asking prices to achieve a sale.

For a generation it's been the right time to buy a property on the European holiday island of Gran Canaria, as prices have risen. But as prices have dropped, could now be the time to buy a holiday home there?

For years it's been the right time to buy a property in Cyprus, as prices have risen. But could now be the time to delay buying a holiday home on the holiday island?

For years it's been the right time to buy a property in Majorca, as prices have risen. But could now be the time to delay buying a holiday home on the island?

Property prices have been dropping around the world, but Monaco looks like retaining er position as the most expensive property in the world.

Many people who invested in a holiday home are facing a nightmare scenario as the property markets slump - falling values on both their first and second homes and less rental income from their holiay homes too.

For years it's been the right time to buy a property in Lanzarote, as prices have risen. But could now be the time to delay buying a holiday home on the holiday island?

Maltese property has been rising in value in recent years, like much of the European real estate market. Just as other places see property values fall sharply, new markets could help Malta survive the property price drops.