Rental rates are a major culprit for the cost of goods going up in Qatar from foodstuffs to toys.
The companies have higher costs to endure and need to increase the costs unfortunately.
I don't believe anyone expected the housing and office rates to increase so dramatically. The revised law will help a little but it's a wee bit too late since the prices are still up there and demand is high.
I believe it will take a long while before landlords are forced to drop their rental offers in order to secure tenants. However, for compounds, I see this taking much longer to happen. Nevertheless, the rentals will not come down as dramatically as they increased, it will be a slow decline on certain properties until demand versus availability reverses.
Rental rates are a major culprit for the cost of goods going up in Qatar from foodstuffs to toys.
The companies have higher costs to endure and need to increase the costs unfortunately.
I don't believe anyone expected the housing and office rates to increase so dramatically. The revised law will help a little but it's a wee bit too late since the prices are still up there and demand is high.
I believe it will take a long while before landlords are forced to drop their rental offers in order to secure tenants. However, for compounds, I see this taking much longer to happen. Nevertheless, the rentals will not come down as dramatically as they increased, it will be a slow decline on certain properties until demand versus availability reverses.