Qatar real estate transactions are rising
Growth set to continue in run up to Qatar 2022 World Cup
Real estate transactions in Qatar have risen 15.2% in the first nine months of the year, with the growth expected to continue in the run up to the 2022 World Cup.
There were $10.2bn worth of transactions compared to $8.8bn in the same period last year with the value of properties sold in the third quarter of 2014 increasing to $3.1bn from $2.9bn last year, up 6.6%.
During the first quarter of 2014 there were around $3.2bn of transactions compared to $2.4bn in same period in 2013, up 35.2%, and in the second quarter they were worth $3.8bn compared to $3.5bn in the same period of 2013, up 8.5%.
In January 2014 there were about $1.3bn worth of transactions compared to $768mn the same month in 2013 - a growth of 71.4%.
Transactions dropped in February, with $796mn compared to $851mn in the same month the previous year, down 6.5%.
But growth resumed in March with $1.1bn of spending compared to $796mn the same month in 2013, an increase of 44.8%.