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Low interest rates and one of the world's leading tourist industries means that Spain's property market is likely to continue to boom during the coming years - despite the fact that it has experienced a slowdown in the last few months. The slowdown was precipitated by an oversupply of property, with developers rushing to build new homes as Spain's immigrant population continues to rise. The Spanish National Statistics Institute says around 5.5 million foreigners will be living in the country by 2010 - 12 per cent of the country's entire population.                                                                                                                                                                             Buy-to-let property in Spain should be considered seriously by any investor - with the socialist government attempting to increase the number of homes to rent from 11 per cent to 20 per cent over the next four years.  Off-plan properties have become increasingly popular in Spain - with such investments very competitively priced.                                                                                                     Although recent predictions of doom and gloom for the future of Spanish property have been fairly widespread of late, an increasing proportion of experts instead say that the downturn in prices instead reflects the start of a new cycle in the market - with the country's overwhelming popularity with tourists and investors alike set to sustain future growth.