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Increse in House Rent at Qatar
Do you know the reason for high increase in house rent in Qatar since last couple of years.. and it's getting increased day by day
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mafiriyals said
That is the National ...That is the National Question at the Moment ;)
Fatcat said
Yawn. Tell me something I ...Yawn. Tell me something I don't know.
qatarisun said
Supply and demand + ...Supply and demand + uncontrolled and un-ruled real estate market = Real estate jungle
tvcherian said
I agree with you. but who's ...I agree with you. but who's going to control.. I heard that oil price is also going to increase inQatar now.. may be from next yr onwards
binuqatar said
MAIN REASON ...main reason is real estate people and villa partition people are doing this.
Suggestions
all building are constructed in bank loan. i suggest that bank takeover and rent all the building upto end of loan agreement after building handover to owner
qatarisun said
what do you mean who is ...what do you mean who is going to control??
GOVERNMENT has to control everything in its country...
binuqatar, there are a LOOOOT of tools to make owners to give all the houses away for they rent enstead of keeping them empty. it is up to government to find the ways to change the situation on the real estate market.. IF THEY WANT.. but the problem is no one seems to be interested in changing anyything...
tvcherian said
It's really hard to accept ...It's really hard to accept that no creative steps are taken to attend this issue, when lots and lots of new projects are coming up in the country and lots of foreigners are reaching here day by day. The worst problem they are going to face is a place to stay and second the worst taxi problem
binuqatar said
last in qatar only concrete buildings ...economy 000000000000
tvcherian said
What do u mean binu ...What do u mean binu
t_coffee_or_me said
The real reason for rent ...The real reason for rent rise is demolitions of whole area of residential areas like Al Bida, Rumailah, Rayan etc which has created a supply demand gap
The main reason is beautification drive during the Asian Games and its still going on where old low rent buildings are demolished
Before these demolitions the rent was very stable so in a way the powers to be are to be blamed for not planning properly
qatarisun said
TCOM ...and can i ask you why whole Olimpic village is still EMPTY, since February 2007??? WHY other hundreds and hundrees flats are empty? what does it have to do with demolishing of old areas??
one can say: it is a free market, they don't want to rent it, and noone can do anything.. and it will be wrong. Because if government was interested in lower rent, they would find the way to make it worth for the owners to RENT these flats out rather then keep them empty. For example, impement tax for the empty flat. Whoever has second flat and keeps it empty has to pay "X" amount each month as a tax. Whoever has third flat and keeps it empty, pays "2X" amount, and so on.. it will not worth for the owner to keep it empty, he will rather rent it out for the lower price! and this is just an example. I am not a specialist in this field, it is just a common sense. Specialists from the government have to find the most appropriate solution for this issue.
t_coffee_or_me said
Tax is haram in islam thats ...Tax is haram in islam thats what i was told dont know if its right or wrong
qatarisun said
tax is haram?? eh? ...INTEREST is haram.. it means to make a profit is haram.. but TAX is not profit...
all arabic countries have tax..
t_coffee_or_me said
QS thats what i was told i ...QS thats what i was told i am not sure lol
btw did the link about toga help you to decide
qatarisun said
i mean to make money from money.. ...ok, don't call it Tax.. call it "charity due to empty flat"... doesn't matter how do you call it.. they should make it NOT WORTH it to keep flats empty.. don't know which way, but definitely the way might be found in a second, if there is a desire...
t_coffee_or_me said
If there is a will there is ...If there is a will there is a way the problem is most of the flats are kept empty by the decision makers
baloch said
one cant stop it ...one cant stop it
Andre W said
Qatarisun ...I agree with you and great to have an perspective that has focus, your comments on a number of issues are intelligent
Overlook said
The answer is simple; greedy ...The answer is simple; greedy property owners and agencies who are not subject to any effective controls or restricted in any effective way, and who can therefore charge ridiculously high rentals for sub-standard properties.