This is the second publication I read this week with a simplistic forecast on 2012 real estate demand & supply...
Guys it is simple mathematics... go back to fundamentals, by 2011 Qatar will be producing 77 millions tons of LNG (now it is around 34 something)! i.e. two folds the current income.
Knowing how the system works here, and with such amounts of excess liquidity, do you think they won't spend it lavishly on new infrastructure projects? New cities, new bridges, metros, hospitals... they will bring millions of expatriates from all around the world to do that, they will increase the populations by folds and folds to serve their purpose.
Of course by then areas that are now considered relatively new will be demolished to make room for the newer ones... Where do you think these millions of new residents will live? How much would you imagine them paying for rents?
Of course the said "expert" and his 15,000 oversupply theory might work, as a result the population (although it never reached 1.9 million) might start to decrease but not before many decades from now.
Rents are down for 2009 only... Let's enjoy it while we can :-)
This is the second publication I read this week with a simplistic forecast on 2012 real estate demand & supply...
Guys it is simple mathematics... go back to fundamentals, by 2011 Qatar will be producing 77 millions tons of LNG (now it is around 34 something)! i.e. two folds the current income.
Knowing how the system works here, and with such amounts of excess liquidity, do you think they won't spend it lavishly on new infrastructure projects? New cities, new bridges, metros, hospitals... they will bring millions of expatriates from all around the world to do that, they will increase the populations by folds and folds to serve their purpose.
Of course by then areas that are now considered relatively new will be demolished to make room for the newer ones... Where do you think these millions of new residents will live? How much would you imagine them paying for rents?
Of course the said "expert" and his 15,000 oversupply theory might work, as a result the population (although it never reached 1.9 million) might start to decrease but not before many decades from now.
Rents are down for 2009 only... Let's enjoy it while we can :-)