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Friday, December 4 - 2009

Qatar house rents fall 35%

  • Qatar: Saturday, August 08 - 2009 at 10:33

Slackening demand and oversupply of residential units have sent house rents in Qatar down between 30 and 35%, The Penisula has cited real estate agents. Property market operators have expressed their forecasts, saying they do not expect any major improvements after the long summer break. Agents said the trend shows there are hardly any enquiries from newcomers, and are mostly from families who want to shift to cheaper accommodation.

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