Posted on April 06, 2011

Qatar offers real opportunity for property investors in the medium to long term and using mortgage finance to fund a purchase makes sense in terms of allocation of capital and for cash flow purposes. With the number of investment choices for real estate growing steadily – in areas such as Lusail and Barwa Al Khor - it is vital to get top quality financial advice so that investments have the best chance of delivering solid returns, it was conveyed to high net worth Sadara customers at a seminar “Real Estate - Growth and Prospects in Qatar”, hosted by Commercialbank (Cb).

The seminar focused on what factors real estate purchasers should consider before purchasing property, such as market trends locally and internationally as well as important aspects of property management and the importance of property insurance. In-depth discussion on mortgage finance offerings available from the bank, guided customers to seriously consider that real estate should form part of every serious investor’s portfolio, along with stocks, shares, cash and other long-term securities.

“This seminar is part of the implementation of a new long-term strategy for our high net worth customers who are investing with us. Through seminars like this we aim to keep our valued customers informed and educated about the latest trends in the real estate sector, as well as assisting them in taking the right investment decisions,” Raju Buddhiraju, head of retail banking, Cb, said.

Stressing that the seminar is a first in line of many such conferences that the bank intend to have to showcase its Sadara services, he said “we will continue to build on services for our Sadara members and aim to provide them with regular market updates, research information as well as innovative financial solutions.”

The seminar was attended by various retail banking managers as Elaine Jones, CEO - Asteco Property Management; Jed Wolfe, General Manager - Asteco Qatar; and Darren Collinson, General Manager - Massoun Insurance Services apart from several relationship managers from the Sadara team. Cb has been arranging mortgage loans on The Pearl-Qatar and Lagoon Plaza since 2005 and its dedicated mortgage department is the fastest-growing within the retail bank.

source: Gulf Times