QATAR'S REAL ESTATE PRICE INDEX TAKES A PLUNGE
According to an index of prices released by the Qatar Central Bank (QCB) last month, real estate prices in Qatar have witnessed a steady fall in the second quarter of 2016. The country's real estate index for June 2016 fell by 3.8% to 295.8 points from 307.6 points in March 2016. According to the data provided by QCB, the index did, however, rise by 4.15% in June this year compared to the same time in 2015. The index reached its all-time high of 311.1 points in November last year from which it had declined by 5% in June. Each of the three months of the second quarter of this year has seen a near-identical decline of around five points in the index.