Football championship would drive real estate prices in Qatar

30.12.2010 12:20
Analysts predict that growth in real estate prices in Qatar over the next five years will be about 30%, although the World Cup should be held only in 2022.

The country has been an increasing demand for land, especially in areas where the planned construction of stadiums.

According to Mark Praudli, one of the leaders of the Qatar branch of the international real estate agency DTZ, experience shows that, after becoming aware of holding large sporting events in one country or another, real estate prices grow sharply. In his view, the current euphoria will pass, when people realize that before the championship another 12 years. The rise in prices will last for another five years, but it would not be so rapid, says Mark says Praudli.

This confirms Sam Youssef, Managing Director of the local branch of estate agency Better Homes. According to him, within five to seven years nedivzhimost prices will rise, then they will fall and rise again on the eve of the event in 2021. As reported by portal Arabian Business.com, a year before the championship prices could soar by 50%.
www.zagorodna.com

Content tags: Overseas property
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