REALTY PRICES PEAK

Qatar Today - - BUSINESS -

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.

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