Property in and around Valencia

Valencia may not currently be regarded as the most glamorous city on the Iberian peninsula, but this is all set to change. Playing host to one of the most bafflingly won sporting trophies of all - The America's Cup – put Valencia firmly at the centre of the yachting community this year, and when the first Formula 1 Grand Prix takes place there in 2008 the remainder of the well-heeled are guaranteed to prick up their ears. And it is likely that they will like what they see when they arrive: an open, relaxed, airy and vibrant city, Valencia provides the perfect anecdote from the crush of Barcelona or the baking heat of Madrid. Situated right on the coast, this ancient city has been vital to the economic development of Spain not least because it boasts one of the largest and busiest ports in Europe.