World Cup Demand Surge Sees Some Qatar Landlords Bump Rents 40%

World Cup Demand Surge Sees Some Qatar Landlords Bump Rents 40%

From bnnbloomberg.ca

World Cup host Qatar has tried everything from cruise ships, desert camps and regional shuttle flights to ensure a limited supply of accommodation can meet an expected 1.2 million visitors during the month-long tournament. Local landlords have a simpler plan -- raise the rent. Residents in popular neighborhoods say they’re being forced to agree to rent hikes of as much as 40% and contract periods stretching two years. Faced with rents they can no longer afford, some residents say they’ve been forced to move even after years of tenancy. Many hotels have been forced to get long-term occupants to vacate and make ... (full story)

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