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FINANCIAL NEWS
Transactions in Qatari real estate sector increase 32 percent during summer
23 Sep 2013
(MENAFN) The transaction rate in the Qatari real estate market registered a 32 percent jump during June, July and August versus the same period in 2012, The Peninsula Qatar reported.
The transaction rate during the three months of summer was at USD2.77 billion, up from USD2.11 in the prior-year period.
During the month of June, transactions were worth USD1.15 billion, recording an astonishing 82.6 percent surge compared to June, 2012 where transactions were at USD631.29 million.
Transactions in July soared by 103.7 percent over the same month last year with a total worth of USD1.5 billion up from USD741.07 million.
On the other hand, in August, transactions were only worth USD128.17 million, while in the first two weeks of this month transactions were worth USD466.6 million.
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