British enquiries for homes in Qatar increases

Monday, December 13, 2010

British enquiries for homes in Qatar increases

A number of prospective property buyers from Europe, particularly Britain, have enquired about buying property in Qatar in the past week, on the back of the decision to award the country the rights to host the 2022 football World Cup, according to the head of a leading Qatar property agency.

Khalifa Al-Misnad of Coreo reports that enquiries from demand overseas buyers for homes in Qatar has been considerably higher than usual in recent days, as early bird investors seek to take advantage of any potential capital growth that the World Cup may help generate.

Mass infrastructure improvements are planned, including new homes in Qatar, football stadiums, transport links, beaches, among a host of other facilities.

"No other country, awarded the rights to host the football World Cup, has even been so far behind as far as a lack of infrastructure is concerned. So much has to be built in order to get Qatar to the right level [for the football tournament]."

The outlook for the Qatar property market is expected to improve on the back of the decision to host the 2022 FIFA football World Cup, as residential demand is expected to rise further. The tournament is expected to unlock many planned property developments which were put on hold, as a consequence of the recent global economic crisis.


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