(MENAFN- The Peninsula) Going by what has been happening to global stocks since the past week, real estate investors in Qatar seem to have turned a bit jittery, says a property market expert.
"I think Qatar's booming real estate market has been affected a little due to what has been going on in China and elsewhere in the world," said Ahmed Al Orouqi, General Manager of Roots Real Estate Company. He said it was natural for the otherwise "brave and confident" real estate investors here to have been a little scared by global goings-on.
The subdued sentiment perhaps reflected on real estate transactions last week (August 16 to 20) when their total value was less than QR595m. The weekly transactions are usually QR1bn on an average. The coming week's transactions would confirm the trend, another expert said.
Al Orouqi, however, said that investors in Qatar have tremendous faith in the real estate market and their confidence level is very high. About house rents, he said they were stable since new housing stocks were not coming on the market.
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