The average expat household in Qatar is spending more than a third of its annual income on rent, suggesting that the city’s housing market is becoming unaffordable for many residents, according to a new study.
“Affordability” is a relative concept. However, benchmarks set by housing authorities in the US, UK and Australia generally suggest that households spending more than 25 to 30 percent of their annual income on accommodation may have difficulty affording other necessities such as food, clothing and transportation.
By those guidelines, many tenants in Qatar are being financially squeezed.
According to international real estate services firm Colliers International, the average expat household in Qatar spends 34 percent of its income on housing.
The study on the country’s residential market is based on figures collected by the Qatar government and excluded low-income blue-collar workers, who generally live in company-supplied labor accommodations.