'Early bird' investors are moving away from investing in offplan property in Spain, according to one expert, as more players emerge on the market.

Italy, Morocco and Turkey have been tipped as potential hotspots by Global Property Guide director Mike Dunkerley, who noted that Spain has passed the crucial first phase of property investment.

According to Mr Dunkerley, there are three phases that are important to property investors, with the first being the "early bird" phase when prices move up from a low starting point.

"People buying here will make money," he added. The second phase is when these investors sell out for a profit, followed by the third phase when supply outstrips demand and prices start to fall.

Early bird investors should take advantage of the phase one situation in Italy, Morocco and Turkey, according to Mr Dunkerley.

"You have one chance to make money by being an early bird and two chances of losing money by buying in phases two and three," he said.

In Italy and Turkey, property prices "will rise", said Mr Dunkerley. Morocco meanwhile is coming up from a higher price level.

Despite the apparent limited prospects of the Spanish property market, the Office of National Statistics notes it remains the most popular location for British buyers and holidaymakers....