DOHA: Qatar’s real estate boom is set to continue with figures showing a growth of 15.2 percent in the first nine months of the year.
The volume of transactions was about QR37.2bn compared to QR32.3bn in the same period last year and a steady growth is likely to continue until 2022 World Cup in Qatar, Al Sharq reports.
The value of properties sold in the third quarter of 2014 increased to QR11.3bn compared to QR10.6b in the same period last year, up 6.6 percent. Transactions during the first quarter of 2014 involved about QR11.9bn compared to QR8.8bn in same period in 2013, up 35.2 percent, while in the second quarter they were worth QR14bn compared to QR12.9bn in the same period of 2013, up 8.5 percent.
Transactions in January were worth about QR4.8bn compared to QR2.8bn the same month in 2013, a growth of 71.4 percent. The number, however, fell in February, with QR2.9bn compared to QR3.1bn in the month the previous year, down 6.5 percent. Growth resumed in March with QR4.2bn compared to QR2.9bn the same month in 2013, an increase of 44.8 percent.
The Peninsula
