Luxury Real Estate

By: José Ribes Bas of Rimontgó

Article from: Reality Sense

The people of Valencia are delighted that the America’s Cup - the jewel in sailing’s crown - will be returning to this great port city in 2010.

Despite a regrettable period of legal wrangling between two of the teams, the final settlement of the dispute has resulted in the best possible outcome for Valencia. The local economy is guaranteed an economic boost from the arrival of the America’s Cup teams, plus their many technicians and supporters.

The winner of the 2007 competition - also held in Valencia - was the Swiss team Alinghi of the sailing club Société Nautique de Genève who, but for Switzerland’s lack of a coastline, would normally have been expected to host the next event. The situation was further complicated when, in July 2007, challengers BMW Oracle Racing issued a lawsuit against Alinghi and Société Nautique de Genève (SNG) via the Golden Gate Yacht Club.

The intricacies of this arcane dispute revolved around the belief that SNG’s nominated challenger was not a qualified team under the Deed of Gift, the document in which the rules for the competition are set out.

The settlement of this dispute will result in the first one-on-one race for 21 years. Team Alinghi will defend its title against its challenger, BMW Oracle in what looks certain to be one of the most hotly contested in years.

This feud might have been bad for international sailing, but it has certainly proved to be excellent news for the city and people of Valencia.

America’s Cup fans can buy their own piece of real estate, close to the centre of the action. Here are three top suggestions:

Apartment near City of Arts and Sciences and Marina

Luxurious Private Villa (or Small Hotel) Near Marina

Apartment short walk from Marina and City of Arts and Sciences and Marina