QCB'S RE INDEX RISES IN Q2
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.