|Qatar freezes rents for two years
Qatar's revised rent law forbids landlords from raising rents for the next two years, said a media report citing the Minister of Municipal Affairs and Agriculture.
The law 'does not permit landlords to increase rentals for a period of two years,' Sheikh Abdulrahman bin Khalifa Al-Thani was quoted as saying in the local Peninsula newspaper on Wednesday.
The ministry will study how much of a rent increase it will allow after the two years, the paper said.
The Gulf state passed the law on Friday, newspapers reported last week.
A 27.7 per cent surge in rents spurred inflation in the world's largest exporter of liquefied natural gas to 13.74 per cent in December, the second-fastest pace on record.
Qatar, which is adopting price controls to curb price rises, could lower the cap on rent increases that landlords can charge by three percentage points to 7 percent, the Peninsula reported last week.
Trade Arabia News