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Austria to score during Euro 2008?

3/13/2008

Euro 2008 could boost Austria’s housing market, one expert has claimed…

BuyAssociation’s Paul Collins recently argued: “The upcoming Euro 2008 tournament should only serve to improve the nation's housing market if the past is anything to go by.

It is hard to prophesise when you have a market that is rising like Austria's. It could take more than one specific event for it to rise any further but we did see in Germany, in 2006 [after the World Cup], that there was an increase in the interest in property."

He added: “People who attend football games overseas tend to be relatively wealthy and this means they could also be interested in property investment and that the tournament will promote the country as a tourist destination in general”.