Qatar property market slowdown continues; prices to stabilise next year | ZAWYA MENA Edition
Qatar’s property market has not yet recovered from the impact of the coronavirus pandemic, with housing rents continuing to slide and sales prices fluctuating during the first half of 2021, according to the latest analysis by Property Finder Qatar.
The Gulf state is expected to see prices stabilising only in 2021, although investor and tenant demand for villas and apartments, is already picking up. Demand has been driven largely by low prices in the market.
“Qatar is expected to reach a stable pricing index in the coming year, despite the current price and supply fluctuations,” Property Finder Qatar said.
“The slowdown [caused by] the pandemic continues to significantly affect the market. However, sales transactions and rental deals are rising as investors and property buyers look to take advantage of lower market prices,” added said Afaf Hashem, country manager of Property Finder Qatar.
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