Andalusian city 'offers investment opportunities'
People planning to invest in the Spanish market have been advised to consider looking at properties in Jerez de la Frontera.
Estate agent Chris Mercer said the city, located in the province of Andalusia, offered good value properties but had largely been overlooked.
Speaking to the Times, he highlighted the investment potential of older properties in the region, many of which were being renovated sympathetically to include modern amenities.
He stated that strict planning regulations in the city meant that the appearance of the properties could not change drastically, meaning that the area stayed true to the Spanish character.
Mr Mercer commented: "I defy anyone to stroll along the streets and not to be smitten."
He added that the area was "typically Spanish" and that the renovated properties coming onto the market were "perfect" for overseas buyers.
According to Halifax, the average property in Spain now costs approximately £150,200 - twice the figure recorded in 2002.
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