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Realty upturn in Qatar unlikely anytime soon, says report
- Qatar: Thursday, November 18 - 2010 at 10:48
Qatar Central Bank has said that the country's real estate sector is unlikely to improve over the short run due to a large number of newly-constructed buildings lying unoccupied, the Peninsula has reported. Rents have been going down keeping inflation under check since rentals have been the largest contributor to rising prices in the recent past. This would make it difficult for property developers who took bank loans for their projects to service their debt, QCB said.
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StaffThursday, November 18 - 2010 at 10:48 UAE local time (GMT+4)
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