America's Cup 2007

In 2007, Valencia will be host to the 32nd Americas Cup yacht race. It is the first time this event has been held in Europe, during its 152 year history.

For those of you looking to relocate to Spain to live, those seeking holiday homes, or wishing to purchase investment property and real estate - look no further than the spectacularly scenic Valencia province.

Many experts believe that between 2004 and 2007, Americas Cup Property and Real Estate and land prices will soar in the Valencia Region.

The last two or three years have seen remarkable growth of between 25-to 35% per annum on property prices in the Valencia region.

Another example of "Americas Cup fever" already biting is the significant price increases in the purchase of mooring berths. In Gandia, a 27 foot mooring berth that last year (2003) fetched €30,000 - this year (2004) has virtually trebled to around €90,000.

Spanish Government To Fund America's Cup Infrastructure

are set for another boost after confirmation that the Spanish Government is throwing its full support - including "at least 40% financial support", according to one report - behind the bid in a move that will see infrastuctural development throughout the area.

In a meeting between Spanish PM Jose Luis Rodriguez Zapatero and the president of the region of Valencia, Francisco Camps, the prime minister confirmed that his government is to treal the event in the same way as it would the Olympic Games, with public backing for substantial development both on the coast and in the surrounding area. Although precise details have not yet been confirmed, heavy investment is expected in the city's transport system as well as in marina facilities; further substantial development of the city's tourist facilities agree also on the agenda, according to a spokesperson for the regional government.

Even before this recent announcement the authorities were planning an investment of at least €500 million to cope with the expected 10 million visitors expected to pass through the city between now and the Cup itself; most of that was to go towards funding developments in the port area and expansions to Valencia's airport, particularly the runway. Hopes are high that increased government funding will now be directed towards revamping the road and rail network and on accommodation. Mr. Camps confirmed that existing projects such as the AVE  high-speed link will go ahead as planned.

Although prices have settled somewhat since then, further rises are expected as the Cup - the world's most prestigious sailing event - draws near as owners prepare for the spectacular rental returns to be made on properties near the marina.