World Cup bid 'could benefit Spanish real estate'

Spain's property market could be boosted as a result of the country's joint bid with Portugal to host the 2018 Fifa World Cup, it has been suggested.

Countries that hold such events traditionally see an increase in interest from property investors as a result, Property Wire has stated.

This means those who purchase properties close to the stadiums that will be used for the tournament could see an increase in demand from fans looking to rent real estate during the event.

James Cowan, a Madrid-based property finance specialist, told the news source that Spain's bid is "good news".

"It shows that there is more to Spain than just a struggling property market," he was quoted as stating.

The country also seems set to benefit from a EUR19 billion (GBP29.5 billion) investment in infrastructure.

Prime minister Jose Luis Rodriguez Zapatero announced the move as part of a EUR33 billion fund released to boost Spain's economy.

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