UNCTAD on Qatar housing crisis
The United Nations Conference on Trade and Development (UNCTAD) has said in its report for 2006 that the demand-supply gap in the Qatari housing sector is not expected to narrow in the near term.
“In view of the economic recovery experienced by Qatar and the huge influx of expatriates, the residential sector is suffering from a serious shortage in supply at the present time. This has led to growing wealth and a remarkable rise in land prices and rents.” UNCTAD linked the high rents to the growing number of firms establishing businesses in Qatar resulting in a lack of office space and so driving rents higher and higher.
- A three-year awaited development: FDI's in GCC no longer declining!
- Saudi Arabia tops region in FDI inflow
- Abu-Ghazaleh highlights services force in driving development, calls for the establishment of the Arab coalition of services
- Foreign direct investment inflows into the GCC region declined by 15% to USD 50.8 billion in 2009