Valencia has had the no vacancies signs out for a few weeks now. I have been told by lots of clients that they have had major problems booking accommodation for when they are visiting Valencia to look at properties. Firstly there was the Formula One, next weekend is Campus Party, the summer is full of events from Iggy Pop last night through to Seal, the Jazz Festival, the midnight beachside firework displays, the Champions' Tour showjumping, ATP tennis etc... (And that is a long etcetera)