REALTY PRICES PEAK
Qatar’s real estate prices softened a bit during the final quarter of 2015 compared to the previous quarter, after hitting a record peak in November 2015.
Qatar Central Bank's updated real estate price index showed that the country's real estate value declined 2.6% to 292.0 points during the Q4 2015, from 299.8 points recorded during the previous quarter. However, the index surged 14.28% in Q4 year-on-year. According to the central bank's data, the country's real estate price hit an all-time high of 310.4 points in November, after surging to 305.7 points in October and 299.8 points in September. The November figures show Qatar's real estate value rose 17.84% during the month from a year ago. Market watchers noted the value of real estate transactions were an all-time high in Qatar in 2015.