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Qatar: ‘Distress sale’ sees property deals spike

Posted on 02 December 2010

From Thepeninsulaqatar.com: Real estate transactions in the country peaked to QR535m last week, with a top real estate expert attributing it to what he described as “distress sale” by property owners as they have to begin repaying their bank loans.
The banks have been chasing those who took real estate loans at the height of the housing shortage in the country during 2007-08, so they can start servicing these debts, says Nasser Al Khaledi……………………………………….Full Article: Source


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