Jerez's property market is rising steadily

Property prices in the Andalusian city of Jerez are still rising steadily despite Spain's economic downturn since the onset of the credit crunch, which has impacted severely on its housing market.

Jerez is located inland, 20 km from Sanlucar and holds worldwide reputation for its brandy and sherry production. Jerez is also well-known for its long -standing Flamenco tradition, making it an outstanding place to watch this great art. Property buyers who want to snap up a cheap residence overseas have been advised to look at Jerez.

Fotocasa, Spain's leading property portal has stated that price per square meter in Jerez is nearly 46 per cent cheaper than the national average and surprisingly 76 per cent cheaper than the nearest-neighboring city, Cádiz. Chris Mercer, director of Jerez property specialists Mercers has said that "While the Spanish property market started to falter in 2007, Jerez is still rising steadily."

The city's international airport, affectionately known as an airport with Solera, after the famous method of producing Sherry already have frequent Ryanair flights from the UK. The airport will see modernization work to renew the runway and for an enlarged terminal building, which is expected to serve around four million passengers annually by 2012 which is up from 1.4 million in 2006. The increased access will have a direct influence on the Jerez property market, as a possible hike in tourists may bring more investment interest into the area.