Mubasher: Qatar's real estate price index witnessed a 2.49% year-on-year decline at the end of December 2018, according to data released by Qatar Central Bank (QCB) on Wednesday.

The GCC nation’s real estate price index registered 246.54 points last December, from 252.84 points in the same month a year earlier.

On a quarterly basis, the real estate price index rose 0.36%, from 245.65 points, at the end of the third quarter of 2018.

Launched in 2011, QCB’s real estate price index is updated quarterly based on data issued by Qatar’s Ministry of Justice.