(MENAFN- The Peninsula) The Peninsula
The deals in Qatar's property market would gradually increase in the coming months because vacant lots of land transactions will increase because investments from the siege countries are expected to return. Local investors' confidence in the real estate sector will rise, thus, uplifting the index of trust in the Real Estate Sector, SAK Holding Group noted in its ‘Market watch' report..
'Stakeholders will witness a significant improvement in the size and value of transactions, which indicate that Real Estate Investors still have faith in the Qatari Real Estate Sector, the report said.
The report termed the repercussions of the ongoing siege on Qatar on the local real estate market insignificant because the real-estate sector has proved on different occasions its ability to rearrange its conditions, especially in light of the government determination to continue the process of urban development according to plans and timetables prepared in advance. The infrastructure development projects in different across Qatar, and connecting them with each other by a new roads network would contribute to the development of different regions and create promising new real estate opportunities.
'Qatar has shown great efficiency in facing the unjust siege imposed by some Gulf countries and Egypt with the aim of weakening it economically and diplomatically and paralyzing air and sea traffic. Qatar, in less than a month has been able to regain the initiative, through plans and mechanisms that enabled it to ensure continuous flow of supplies and regularity, to meet the needs of the local market of various consumer and basic goods, building materials, etc., in another new emphasis on the strength of the Qatari economy and its ability to adapt to regional and global challenges and changes.
The real estate report predicts that the recycling of construction waste project managed by Qatar Company for Raw Materials will reduce dependence on the importation of some primary building materials and support the strategic reserve of the basic building materials in the country.
This process also has many positive aspects that benefit the environment and sustainable development.
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