Hi Lemurz
I have posted a reply to a similar question a few minutes ago and so I re-include some of that reply here ...
>> 'It really depends on your circumstances and what you're looking for. For example, are you looking for an regular income or a capital gain? A long term investment or a short term investment? Investment only or Investment with some holiday use? etc. etc.'
>> 'Picking some of the main countries and commiting the sin of over generalising ... Capital gains in some Eastern European countries are good but rental returns may be poor. Capital gains in France are average to good and rental returns are average to good (and in some cases guaranteed). Capital gains in the Spanish costas (outside of Costa del Sol) are good but rental yields appear poor ... etc.'
I think a forum such as this one is invaluable and a good place to start with any questions you may have. If you have specific questions about France, Spain or US then I will have a go of answering them and I'm sure others will also assist with these and other countries. Otherwise, a group of us set up a newsletter for French investment property and so if this interests you please drop me an email and I will forward them onto you.
Regards,
Paidi