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Minister predicts 20% rental drop
- Qatar: Tuesday, December 26 - 2006 at 09:49
Residential rents in Qatar are likely to drop by about 20% in the next 7-8 months, according to the finance minister Yousef Hussein Kemal quoted by The Peninsula. Qatar has a 10% cap per year on rental increases. Kemal said government estimates put inflation at around 6%, but plans are in place to contain it to 3%.
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James McInerney, News EditorTuesday, December 26 - 2006 at 09:49 UAE local time (GMT+4)
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This article was updated on Sun Jan 14 2007.
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