QCB'S RE IN­DEX RISES IN Q2

Qatar Today - - BUSINESS | REALTY CHECK -

Qatar Cen­tral Bank's (QCB) lat­est data on real es­tate re­flects a marked re­ver­sal of for­tune in June fol­low­ing a slump in the first quar­ter this year. Its real es­tate price in­dex hit 280.90 points in June 2017, a month-on-month growth of 2.01%, com­pared to the low­est point for the year in May, which reg­is­tered 275.35 points.

Ac­cord­ing to QCB, Qatar's real es­tate prices hit the 282.96 mark in Jan­uary 2017, be­fore wit­ness­ing a slow­down. The num­bers slipped to 277.87 points in Fe­bru­ary, and edged up in March and April.

Ac­cord­ing to Ez­dan's re­search team, the coun­try's real es­tate trans­ac­tion value jumped to QR1.8 bil­lion in July 2017, com­pared to QR1.2 bil­lion from the same month in 2016. The re­port pointed out that this growth in trans­ac­tions con­firms the re­cov­ery of real es­tate trans­ac­tions. The mar­ket's pos­i­tive per­for­mance is ex­pected to con­tinue in the com­ing months, the Ez­dan re­port said.

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