Sales, rental demand rising in real estate market – The Peninsula

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Qatar
  • Date: 06-Apr-2022
  • Source: The Peninsula…
  • Sector:Real Estate
  • Country:Qatar
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Sales, rental demand rising in real estate market – The Peninsula

Doha: The latest Qatar Real Estate Market Report from Property Finder Qatar points to positive trends for 2022 with sales and rental demand rising as the nation heads towards the hosting of the FIFA World Cup and increased regulation delivers greater sector transparency.

The report points to a year-on-year Q3 2021 rise in the real estate price index of 3 percent. “While it may seem that stock is limited in certain high traffic areas at the moment due to heightened demand, in the coming months, a higher number of units will be ready for handover, which will create more supply,” says the report.

The report also identified rising country-wide sale and rental transactions by October last year. Sales continued an upward trajectory which began in 2020 and which is being driven by increasingly confident investors and first-time buyers who are taking advantage of lower prices and foreign ownership opportunities. “It is worth noting that the Ministry of Justice Real Estate Department’s work on regulating the market has played a role in paving the way to a more stable pricing index, as well as increasing transparency in the local real estate market,” says the report.

“At Property Finder, we are here to empower the

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