The recent announcement that Qatar will hold the 2022 World Cup would already seem to be having a positive effect on the housing market.
Ivanka Trump flew out to Qatar to meet with potential property partners within hours of the announcement from FIFA. Coreo, which is one of Qatar's largest estate agents, has already reported an increase in the number of enquiries from foreign investors who are looking to get in early to make the most of any capital growth.
The announcement has proved to be of particular interest to British buyers.
Prior to the announcement the demand for residential property had not been high as investors had tended to shun Qatar in favour of Dubai.
Qatar needs to make substantial investments into infrastructure which will include new transport links and man-made beaches as well as football stadiums, and they are already reported to be behind with the building.
It's estimated that it will create tens of thousands of jobs which will potentially be filled by workers from overseas who will all need accommodation and this is expected to push rents higher which will in turn affect property prices.
While Qatar is one of the richest nations in the world it did not escape the recent downturn and property prices are estimated to have fallen by up to 40% in 2008. Foreign investors can buy freehold properties within four designated areas and are able to buy leasehold homes in 19 regions throughout Qatar.
The Lusail Iconic Stadium is set to host the opening ceremony and final match, and has a capacity of 86,000, and a studio in the new coastal Lusail City currently costs £135,000.
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