First-time buyers vs existing owners: who are investing more in the Qatar real estate market, and why?
Qatar is a resilient nation. The golden coastline country ranks 11th on Forbes’ list of 100 safest countries in the world during COVID-19, and Qatar’s real estate market remains attractively sustainable for existing property owners and first-time buyers.
Who’s more interested in properties for sale in Qatar right now? Data gathered from the two previous quarters of 2020 — by our experienced team of local agents at The Pearl Gates — reveal an ongoing surge in demand for new homes: 28% of transactions pursued by first-time buyers, and a mighty 48% by existing owners.
What driving forces lie behind the current buyers market, somewhat dominated by existing owners returning, and a growing group of first-timers? And why are they choosing luxury villas and apartments for sale in Qatar? Watch our video below, presented by our Real Estate Investment Advisor, Tony Wijesekara and our savvy Sales Consultant, Fay Mendes, or continue reading for valuable insight.
Affordability matters
Many proprietors in Qatar own multiple properties for investment purposes. They, therefore, have more available cash gained from prosperous real estate portfolios, in comparison to those who are new to the market, who may find parting with a large deposit daunting at first.
Likewise, the most seasoned property investors are knowledgeable about the benefits of buying low and gaining high, a prevalent incentive right now, thanks to Qatar’s lower than average national property prices.
Property prices at an all-time low
Qatar’s property market has a substantial amount of luxurious homes available at remarkably affordable prices. This is primarily due to property developers and agents anticipating a continued incline in new workers and families seeking housing options, now that Qatar’s 2022 FIFA World Cup infrastructure projects are nearing completion.
Pair that with the Qatari government’s visa-granting permits and access to spectacular new cities, and cash-rich property owners have all the motivation they need to expand their investment opportunities or relocate elsewhere in ever-growing Qatar. Alongside a growing number of foreign professionals, looking to lay down new roots in a country that has so much to offer.
Buyer confidence
To expand further, many existing owners and investors have the confidence to buy immediately — a flair that doesn’t appear overnight but results from years of experience. They revel in the knowledge they gain long term rental returns from their properties in Qatar or can sell for considerable profits when property prices inevitably rise soon. Something that first-timers may not be aware of, but can always turn to local real estate experts for advice on, to summon up the confidence they need to invest in a surviving market.
How can you start investing and reaping the rewards?
Qatar’s property market has never been in a more advantageous state for those who are looking to re-invest or start a new life in resilient Qatar. Our professional real estate agents have helped numerous investors and first-time buyers secure new high-quality properties throughout Doha and Qatar, and can assist you, no matter which end of the spectrum you fall into.
The Pearl Gates has access to the best deals on villas and luxurious apartments for sale in Qatar, and we can help you select yours for the best ROI or those with features that match your needs.