The greatest show on earth has finally come to an end. But what next?
The ‘World Cup Effect' on South Africa has been huge. The tournament generated over 650,000 jobs, welcomed over 400,000 visitors and injected over $10 billion into South Africa's economy. Perhaps most importantly, watched by over 700 million worldwide, South Africa had the chance to shine on the world's biggest stage.
Longer lasting impacts are expected to be on the property market. Property prices escalated by as much as 60% during the year before and after the World Cup was hosted by France. Property in Paris made astronomical gains with some apartments close to the stadiums climbing by over 110%. Investors that got in early, made a fortune.
For property investment, all eyes are now on the next host nation for the 2014 FIFA World Cup: Brazil
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