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Qatari residential rents climbing: QNB
- Qatar: Monday, February 25 - 2013 at 04:50
QNB Group has said that house rents are on the rise in Qatar, following four years of deflation, the Peninsula has reported. Housing costs climbed 2.8% last year, compared with the previous year, the report said. The increase was largely due to fresh inflows of expatriate workers to implement the country's major infrastructure projects," the report said, adding that this year will see the house rents further going up, with a modest inflation of about 3.7%, the lender said. "Although housing costs did decline substantially in the first half of 2012, contributing to an average 3.3% fall over the whole year, there was a return to growth in rents in the second half," QNB said.
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