Qatar faces worst decline in GCC real estate sector | ZAWYA MENA Edition:
"Difficult economic environment is expected to weigh on the prospects of the real estate sector across the GCC, especially Qatar as it faces continuing trade and economic sanctions. “We expect that difficult operating conditions in the region will continue to hurt the real estate sector for the next 12 months in the absence of positive triggers,” said Sapna Jagtiani, an analyst at S&P. Qatar’s real estate market is suffering as a result of the blockade by its neighbours. The country experienced a decline in its population in June-August, according to Qatar’s Ministry of Development Planning and Statistics, but saw a recovery in September to the same levels as before the blockade."
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