FILE PHOTO by Kammutty VP © The Peninsula
Qatar’s real estate sector witnessed deals valuing more than QR22.8bn last year, demonstrating the strong interest of investors in country’s growing real estate market.
Deals worth QR1.58bn were done in December last year, compared to QR1.55bn in November, showing a growth of around two percent, according to the Qatar Monthly Statistics report released yesterday by the Planning and Statistics Authority.
October emerged as the busiest month as it witnessed deals worth QR4.36bn, making it month with highest value of deals during the year.
The monthly report also showed a 14.3 percent decline in traffic accident deaths in December last year compared to December 2018 , while traffic violations declined by 7.2 percent during the month. A total of 145, 073 cases of traffic violations were recorded in December 2019 compared to 156,315 cases of violations in December 2018.
The demographic statistics revealed that the total population of Qatar has increased from 2.67 million in December 2018 to 2.69 million at end of December 2019.
The total number of registered new vehicles reached 6017 in December 2019. The figure has showed a monthly increase of 5.7 percent and an annual increase of 14.3 percent.
The number of total new drivers licenses and total new vehicles registered witnessed a growth of 10.8 percent and 14.3 percent, respectively.
Without counting the accidents without injuries, a total of 638 traffic cases were recorded in December 2019, showing a monthly increase of 4.9 percent. Light injuries accounted for the vast majority of traffic accidents cases during the same month, having a share of 86 percent in total traffic accidents, followed by severe injuries which accounted for 11 percent of the total traffic accidents.
Regarding the data of buildings permits, the total number of permits issued during December 2019 reached 650 permits, recording a monthly decrease of 3.4 percent.
As for the Banking Sector; Total Broad Money Supply (M2) reached aruond QR578bn during December 2019, registering an annual increase of 2.5 percent compared with December 2018.
Cash equivalents; including Commercial Bank Deposits, reached QR849.1bn during December 2019. The figure recorded an annual increase of 4.8 percent compared to December 2018, when deposits stood at approximately QR810.3bn.
