Regulatory body ‘crucial’ for real estate
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Reinaldo: MD
Qatar needs to have a real estate regulatory authority if it is to welcome international firms in the industry, says an official of global real estate brand Fine & Country.
Speaking to Gulf Times at the fourth Qatar International Real Estate & Investment Exhibition (Q-Rex 2009), Fine & Country International Realty managing director Cecilia Reinaldo said that a regulatory body for real estate is “absolutely crucial” to keep “things in control”.
“It (the body) will control indexes, ensure compliance, monitor regulations, so things do not go out of control, as they did in Dubai. That leaves a lot of people to suffer,” said Reinaldo whose company has just entered the market after joining hands with the Qatar-based Tadmur Real Estate.
A regulator in place, according to her, also strengthens people’s trust and encourages investments.
“It (the body) will control indexes, ensure compliance, monitor regulations, so things do not go out of control, as they did in Dubai. That leaves a lot of people to suffer,” said Reinaldo whose company has just entered the market after joining hands with the Qatar-based Tadmur Real Estate.
A regulator in place, according to her, also strengthens people’s trust and encourages investments.
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