I'm studying in Jerez at the moment. I have to say that contrary to alot of what's being said here I feel that training through a bad patch in the recruitment of low hour pilots is actually a sensible way to go about things. You could quite easily wait until the market has picked up, start your training 2 months later and 14 months down the line the recruitment boom is over for us low hour guys. It's a calculated gamble, if you like, but from those I've spoken to it's perhaps not as bleak in the near future as had been predicted.
Jerez I'm certain is the place to be for any aspiring metal bird driver. There really is no substitute for good flying weather, it's the missing link in all the British based schools, and couple that with excellent aircraft and by and large good instruction all the components are there for a successful course. That's not to say that certain things don't need ironing out, there are one or two things that do, but the good outweighs the bad.
Oh, and hello to VFE! Hope you're well.