TRANS­AC­TIONS UP BY 15%

Qatar Today - - BUSINESS > REALTY CHECK -

Qatar's over­all real es­tate trans­ac­tion value dur­ing the first nine months of 2014 rose by 15.2% to QR37.2 bil­lion, com­pared with QR32.3 bil­lion for the cor­re­spond­ing pe­riod in 2013. The to­tal value of trans­ac­tions for the third quar­ter of 2014 was around QR11.3 bil­lion as against QR10.6 bil­lion or up 6.6% year-on-year. To­tal vol­ume of real es­tate trans­ac­tions dur­ing the first quar­ter of 2014 grew by a whop­ping 35.2% and it was up by 8.5% dur­ing the sec­ond quar­ter to QR14 bil­lion for the same pe­riod in 2013. In July, the to­tal trans­ac­tion value was QR6.8 bil­lion, the high­est in nine months. The trans­ac­tion value was QR4.8 bil­lion in Jan­uary, QR2.9 bil­lion in Fe­bru­ary and QR4.2 bil­lion in March this year.

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