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QNB expects Qatar rents to increase

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Qatar: According to a study by Qatar National Bank (QNB), rents in the country are expected to rise due to rental inflation, which has already reached about 7% in June this year, Gulf Times has reported. The lender forecasts some further increases in rents due to ramp up of several major projects over the next year or so, resulting in slightly higher inflation at 3.6% in 2013 and 3.8% in 2014. Rental inflation reached 6.7% in the year to June 2013, having been negative almost every month from early 2009 to mid 2012, QNB said. [AMEInfo.com]

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