Plenty of ripe pickings in sophisticated Valencia

Valencia, Spain’s third-largest city and one of the country’s most sophisticated places to live, offers numerous opportunities for property investment. The news that the port city is to host the 2007 America’s Cup yachting race only acts as a further incentive.

While the land-grab scandals of the 1990s - where developers abused laws introduced to speed up the release of rural land for development for the social good - may have deterred some ...