The sun is up and property prices are down in Valencia

Despite some storms in October Valencia hit the news this month as high temperatures saw many flocking to the beaches last weekend - and the good weather goes on. Property prices on the other hand are rather stable in the city centre with a few bargains to be had in areas around the city.

With less hard earned cash around investors could do worse than fixing their sights on Valencia, as the city once again puts on her gladrags for the new Formula 1 race which will start next year set against the fantastic backdrop of Calatrava´s futuristic landmark buildings and the new port. The hotels are already fully booked for the event. This will be followed by the next America´s cup.

If you are not wealthy enough to be taking part you can at least watch. After all who would like to be dressed in a tight suit and helmet sitting in a car or running around pulling ropes on a yacht. Watching the events and their glamorous entourage in the warmth of the sun soaking up the atmosphere with a drink in your hand can be rather pleasant, if not as fulfilling!