rent going down
By gebaracuda •
a friend told me rent is going down 25% in the next few months. what did YOUR friends tell you.
a friend told me rent is going down 25% in the next few months. what did YOUR friends tell you.
QLers ,, keep posting your comments on this issue .. Thanks..
well, this resulted in a nice debate. i personally think rent will go down. it started already. the construction fever is bound to stabilize. plus more people will be hit by the world crisis even here in Qatar. the coming month will show. also, if we all start saying rent is going down, this might trigger a mass reaction and prices will effectively go down... or maybe that's just too much wishful thinking from me part.
Yes, that is right rent goes down with time coming, i hear that there are many many villas and flats are empty cause their owners ask for very high rents.
They will not stand that long time, so that rents go down
but lets be cautious as business world is full of surprises.
I believe it will come true
Rents for various properties will start to come down, but it is too early to see an entire reduction happening across the ball. Properties that have active leases will not of course decrease so until leases are freed up, we won't see general decreases.
The apartment scene will be the first to see rents fall, particularly the older buildings without services and limited maintenance. Stand alone villas will eventually also come down, but only when the landlord is convinced after being turned down by a few potential tenants due to his rent rate offer.
Sought after flat blocks and compounds will be the last to creep down rent wise. Demand is still high for the same. When some new compounds come on the lease market and give people more housing options, prices should also start to come down at other compounds as and when houses are empty. Exceptions to this case will be present, meaning the popular compounds as long as certain companies are content to keep paying the escalated rents. Another exception will be properties that are well finished off, designed well for living and known to be good maintenance wise. Compounds leased by a sole company will remain high until the company has other options to house their staff giving them space to pressure the landlord.
There are plenty of flats still not occupied due to very high rent. I have seen one building which they put sign boards in September 2008 For Rent is still empty. The building is located in Doha Jadeed with basement parking but it is an area where there are plenty of labourers are staying. A friend told me that they are asking for 8-9k for a 2 bedroom flat and 12k for a 3 bedroom flat. It is there for the last 5 months and not a single flat has been rented so far. The building is not in a good location and the rent is too high that is why nobody is coming there. I dont think someone will take a 2 bedroom flat in that building for more than 6k. If it goes like this that landlord will be compelled to reduce the rent. There are plenty of buildings in such situation.
were on a process of looking for a 2 bedroom flat, some price reduce, we almost got a 2 bedroom flat fully furnished for 5,000 a month but we have to pay 1 yr advance in cash plus 1 month deposit.. total 65,000.
It still depend on the areas... there are so many new flats that is not occupied because of the high rents.
Hopefully rents will still go down in the coming months.
Rents should come down in the coming months, some landlords now offering incentives like a month free, short term contracts, free phone lines or E/W, huge discounts for long term contracts etc. I have recently seen a 6 B/R brand new villa at QR.18k p.m. but QR.12k for annual contract.
MAybe in a couple months but there is no such thing as rent reduction these days
I know this has been discussed many times and I am a born sceptic......but I have to say that I think some rents have already started to decrease.
I have been looking for property for the last month. I recently found a very nice, brand new 3 bedroom, fully furnished villa for QR13,500 that had previously been advertised at QR15,000. I did a little bit of negotiation and got the price down to QR13,000.........with no deposit upfront.
Seek and thy shalt find!!!!
Humours don't believe.
Actually the news is only for publicity but not real. Mine is asked for 10% increase by the landlord. Maybe it will stabilize but not going down.....
In our case it would not decrease because our landlord gave us the contract before 2009, he just included the electricity and water in our contract.
I dont thnk so..
I already heard this rumor..and I hope it will come true! Let's wait and see...
YES , i think its going to reduce soon , because from next 1 or 2 months all landlords are going to start there bank installments, the loan from which they build so. Or else banks going to impound there property as legal action...
nothing will be changed since qatar's economy didn't get effected that much!!