Inflation in Qatar
I have been here about 10 years and cannot believe how the prices of EVERYTHING have skyrocked....
Remember the good ole days? I remember when...
- a one bedroom flat was 1200 semi-furnished
- you could rent a car for QR 50 per day
- QR 60 would feed 3-4 people at a restaurant
- Qr 5000 was an great basic salary
- A chicken costs Qr 4
- School fees for my kids did not literally cost me an arm and a leg
The straw that broke the proverbial camels back for me was an 8QR increase in infant formula, which was explained to me that now that women are breastfeeding more the companies but the price up to counter their losses. I think thats crap, both he price and the explanation.
Or would you reduce your economical aspirations?
For sure prices will go down...
(In Spain we can see now ppl renting flats for less money than the mortgage - they assume they lose little monthly, but they dont lose so much as with an empty flat, and tomorrow... who knows? maybe they will recover selling the propierty).
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War looking for peace,
is like fornication looking for virginity.
they are building a lot, and I dont think there can be so many expats (wealthy expats to pay these prices)...
soon, prices must be go down, or they will start to have empty houses everywhere.
Moreover, as expats are now allowed to buy and subrent this will introduce more competence on RE market.
This cant stands for ever. Believe me Im spanish, we know a lot about CRUNCHs, we are still developing ours and it will be really BIG...
X-D
X-D
War looking for peace,
is like fornication looking for virginity.
They will have empty houses everywhere, eu61.
Thats Bad is'nt. there should be some controll by the authorities. I see prices change e.day on basics sometimes and yet there is no way to check wx we are paying the right price.
no, Ashfaq, so far it works by the supply - demand principle. There is no official price control.
is the govt really checking the prices or just its the discretion of the retailer that they sell what ever price they want..?
yea the prices here are retarded
Some prices have increased by 400 %. But since the index is based on a basket of goods inflation is only around 14 %. It is the logical consequence of economical growth. (50 % this year)
nothing lasts for long.