(MENAFN – Gulf Times) Buoyed by a massive Covid-19 vaccination programme and a successful campaign to curb the spread of coronavirus in the country, investors and major stakeholders have a positive outlook for Qatar’s real estate sector, a Doha-based industry expert said.
Joseph Rivera, the chairman of the Association of Filipino Realtors & Entrepreneur Executives in Qatar (Afreeq), said Qatar’s property market, including domestic and international real estate investments, is improving as confidence of investors in buying is making a comeback.
“With daily cases now falling below 150, I have no doubts that the market activity in Qatar’s real estate sector would now return alongside our physical health stability,” Rivera told Gulf Times on Friday.
“The building and buying appetite in the property market may have slightly slowed down in the past year, but we are now seeing a lot of optimism and positivity among investors and stakeholders,” he continued.
Rivera noted that market activity in the real estate sector“is expected to pick-up in the coming period” despite new variants of the coronavirus, as well as ongoing protocols to limit the spread of Covid-19.
He also said the easing of travel restrictions and the influx of newly-hired expatriates from abroad would be a welcome development in the residential segment, considering that job generation is expected to pick up in Qatar in the run-up to the 2022 FIFA World Cup.
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