#Qatar’s real estate transaction value jumps to QR2.66bn in November - The Peninsula Qatar

Qatar’s real estate transaction value jumps to QR2.66bn in November - The Peninsula Qatar:

Qatar’s real estate market witnessed a remarkable growth in the month of November 2018, with the total value of transactions reaching at QR2.66bn, registering a double-digit growth of 52.6 percent month-on-month compared to QR1.74bn reported in October 2018, official data show.

When compared on year-on-year basis, the transaction value in November recorded a growth of 5.7 percent against QR2.51bn registered in the corresponding month previous year (November 2017), according to the latest edition of the Qatar Monthly Statistics released by the Ministry of Development Planning and Statistics.

The number of total real estate properties sold in November 2018, across all municipalities, reached 344, up 3.6 percent compared to 332 transactions in the previous month. On year-on-year basis the number of total deals signed in November was down 13.1 percent compared to 396 deals inked in the same month previous year.