Report: Housing prices to come down as 15,000 new homes hit the market
Some 15,000 new housing units are expected to come into the market in Qatar soon, which would push down current rent prices, the Peninsula newspaper reports.
Rent prices overall have been falling in recent months, although costs of low-income housing is reportedly on the rise. The 15,000+ units due to be available soon are expected to be in the medium and high-end range, further easing demand for those types of properties.
Citing a real estate expert, the Peninsula reports that “the days when house rents went up suddenly” have ended.
Sounds like good news? Right?