Valustrat Qatar Real Estate Review Q1 2021
Qatar Real Estate Market 2021 Review www.valustrat.com 1st Quarter 1 |Qatar Real Estate Market 1stQuarter 2021 Review [Base: Q12016=100] 13 Villaand3ApartmentLocations VPI -QATARRESIDENTIALCAPITALVALUES adjusted by6.5%forapartmentsand4.8%villas. quartely fallsofbetween0.5%to2.5%.Grossyieldsforresidentialunitsaveragedatanoverall5.4%, saw amarginalQoQchangeoflessthanpercentincapitalvalues.Theremainingareasexperienced Wakrah cluster.Fivelocations(UmmSalalAli,OldAirport,ThePearl,WestBayLagoonandAinKhaled) values. Amongstvillas,thehighestquarterlydepreciationof5.6%incapitalvalueswasexperiencedAl and 2.4%,respectively.Amongstfreeholdapartments,ThePearlwitnessedthesharpestdeclinein quarterly declinesincapitalvalues.Villaandfreeholdapartmentpricessawpricedropsof1.3% The firstquarter2021ValuStratPriceIndex(VPI)-Residential,displayedoverall6.2%annualand1.5% RESIDENTIAL For more details, pleasevisit Source: ValuStrat ValuStrat PriceIndex VPI 100 120 20 40 60 80 0 Q1 100.0 2016 Q2 96.3 Simplified. Market Intelligence. Q3 94.2 Q4 90.9 www.valustrat.com/vpi-qatar Q1 89.8 2017 Q2 87.2 Q3 84.9 Q4 82.7 Q1 81.3 2018 Q2 77.7 Q3 75.8 Q4 75.0 Q1 73.4 2019 Q2 72.8 Q3 71.8 Q4 71.2 Q1 70.8 2020 Q2 69.9 Q3 68.3 Q4 67.5 2021 Q1 66.4 MACRO-ECONOMIC SNAPSHOT • As per the latest statistics released by the Planning & Statistics Authority (PSA), real QATAR POPULATION 2013-2021 GDP totalled QAR 163 billion during Q4 2020, contracting by 3.9% YoY and 0.5% QoQ • The International Monetary Fund (IMF) projected the real GDP of Qatar to grow 2.4% during 2021 • As per the Ministry of Public Health, the capacity of vaccinations for COVID-19 has gradually increased, as of March 2021, 130,000 doses have been administered a week • Population is estimated at 2.64 million, declining 5.4% annually 2,235,000 2,421,000 2,597,000 2,641,000 2,674,000 2,773,000 2,794,000 2,642,000 • The government of Qatar approved two 2,045,000 important draft laws: No.
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