The Spanish and Portuguese property markets could receive a timely boost if the countries' joint bid to host the 2018 FIFA World Cup is successful.
The joint bid is battling it out with rival candidates including England and Russia to stage the multimillion-pound tournament, A Place in the Sun reports.
If the countries are awarded the tournament, it would provide a much-needed shot in the arm for their struggling economies and could potentially improve their property markets, the news provider stated. Spain has a number of bargain homes available and could attract people who are looking to invest in real estate.
Meanwhile, a survey from tourism marketing experts, Pangaea Network, found that countries that host an international football tournament will benefit more greatly than if they staged any other type of sporting event.
The report claimed that football tournaments are four times more popular than motor racing and the football World Cup is the biggest sporting event in the world.
The countries will find out if their bid is successful at 3pm on Thursday.
Copyright © Press Association 2010
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