Tuesday, 30 May 2023 05:34 GMT

Qatar real estate sector to continue to fall in 2018


(MENAFN) Qatari real estate market is forecast to see a continuous decline in rents and sale, with 2018 second half bringing about stability.

As a result of possible oversupply and lack of demand, the residential and commercial office segments "will continue to be under pressure (in terms of rental as well as occupancy) in the coming months across Doha", as explained by director and head of real estate advisory at KPMG Qatar, Anurag Gupta.

He continued "after a continuous correction in real estate prices across asset categories over the last three quarters of 2017, we expect the real estate market in Qatar to stabilise gradually towards the second half of 2018."

Qatar population has slightly risen to 2.64 million 2017 December, a boost of 1.7% in comparison to 2016 during the same period.

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