Wednesday, November 11, 2009

Property Owners Holding Out on Development Ahead of World Cup

Property owners are still holding on to their assets right now, hoping to cash in on their rising value as the World Cup nears.

Owners are keeping their investment properties empty until the World Cup soccer tournament in 2010, said Seef Properties on Wednesday.

"I am increasingly being asked by owners to withhold their investment property to ensure availability during the World Cup," Jules Arnott of Seef Properties said in a statement.

Arnott said that Match, the Fifa-endorsed ticketing and accommodation booking agents for VIPs, sponsors and media to the World Cup, did not cater for the marketing of non-graded residential accommodation for the average fan.

Property owners eyeing World Cup
Independent Online
November 4, 2009