In reply to Dandan:
Majorca would be great to attract both tourists and outdoor types. Sadly property prices are spectacularly high. You're looking at €600k+ for a 3 bed villa with a pool in the Pollensa area. Rental returns would be outstanding in the holidays though, going by what we are paying (we are staying in a villa there now).
We're looking to France (Provence), but it's not much cheaper unless you're happy to be an hour+ from the coast. For us it would eventually be a retirement home (10 years time) but rental income would support the mortgage payments until we move in full time.
I guess you need to factor-in whether you'd be happy to spend the next x years in the same place for your holidays, consider the fact that inhigh season you will have to think about rental income vs staying there yourself, plus if you're buying jointly, the way that inheritance would work and what if one of you wanted to sell and the other didn't.....
Post edited at 15:32