House rents decrease due to falling land prices
According to QNB Group analysis, since May, Qatar has expereinced a fall in land prices which are expected to slow the rate of increase in home rents. If land prices increase, then the price of homes and othe properties will consequently increase and vice versa.
The QNB Group, while analysing the Real Estate Price Index of the Qatar Central Bank (Qher properties wiCB), said that the rise in the land prices up to May 2013 was mainly due to the acquisition of land for major projects that are being implemented in Qatar, particularly land for the Doha metro, large shopping malls and mixed-use real estate development, like Msheireb and Lusail. Since these projects have reached the construction phase, much of the land is already secured. This could lead to an easing of real estate prices.
The Group has analysed data on land transactions in Qatar, based on weekly statistics published by the Ministry of Justice, which indicates that the cost of land has fallen in the last five months — from May to September.
Source: The Peninsula
Inflation and rising leasing is the common here.
Blood sucking real estate agents
LOL...
Do not seem very realistic.
@hydqat: u are lucky to get a landlord like that. My LL increased the rent by 20% saying it is the 'going rate'. These people make their own market, and we have to either pay up or get our. And the quality of housing is so low, that we have to pay through our noses to something that is even slightly better in quality. Its about time the authorities take some measures to control the situation with rents.
I moved to new apartment in Apr 2009, the rent was 5500/- for a 2 bedroom flat. Now i am paying 4200/- for the same flat as the landlord himself decreased the rents for the whole building of 18 flats.
Who do we believe?
This survey or the poster who said Ezdan had doubled his rent or the blood sucking estate agents and middle men who come up with stupidly high rental values.
These surveys and analysis are just eyewash...practically nowadays expats are severely affected by rising inflation. The clear driver of inflation is RENT. It has direct relation with the inflation of product and services in Doha. Locals are blindly increasing the rent plus presence of many intermediaries are doubling the effect. I don't know when will the authorities interfere and take some measures to put an end to this sky rocketing prices.
When Expat workers have vacated housing units, owners will rehabilitate and rent them to citizens at affordable price.
.
My landlord increased my rent by 20% from Feb 2013 and claims that they can increase any amount. As I remember there was a law stating that they cannot increase more than 10% ? Is this true?
thanks
day by day its going up.....lol
no way in decreasing house rents -- if yes then good news for all
Rent never fall in Qatar..!
I dont think the report says that house rents are decreasing. It only states that the house rents are (or may be) increasing at a slower rate.