Stimulation and transformation plans are conducive to a better future for the property
Saudi real estate fields need foreign investment (Today)
Saudi Arabia’s real estate sector is looking brighter if the expected pace of activity in the sector is seen as part of the stimulus plans and the expected shift in the sector and the overall real estate market in Saudi Arabia, where the market is racing at the level of stimulus and the government’s focus on accelerating growth Population and stability, in addition to providing the necessary liquidity to continue pumping more real estate projects and non-real estate during the coming period.
The real estate sector is the most affected by the government’s internal plans and trends, which are striving to find sustainable solutions to all the challenges of the sector, thus contributing to putting it on its natural course. , And raising its contributions to GDP.
The report pointed out that the Saudi real estate market in terms of supply and demand activity has recorded a decline of nearly 40% in the level of transactions executed in the real estate market, comes at a time when the average annual growth of the real estate sector 10%, and revenues amounted to 12% While foreign investments jumped to 1.18 trillion riyals, divided into three types of investment: currency, loans and other accounts payable and deposits. The latter recorded a remarkable rise of 38% at the end of 2016.