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Qatar real estate sector grows 15.2% in first 9 months of 2014

Real estate sector registers growth in Qatar

 

$3.1 billion worth of property was sold in Qatar in the third quarter of 2014

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Qatar’s real estate sector has seen a growth of 15.2% in the first nine months of 2014, it was reported.

The volume of real estate transactions during the period in 2014 was $10.2 billion compared to $8.8 billion over the same in 2013, The Peninsula reported.

The value of properties in Qatar sold in the third quarter of this year was $3.1 billion, an increase of 6.6% from the same period in 2013.

Steady growth is expected until the 2022 World Cup in Qatar, it was reported, with market watchers predicting that the transaction value of real estate deals in the country will climb to more than 20% before the mega-event.

However, experts warn that rising land prices in Qatar would have an impact on the real estate sector in the country, it was reported.

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