Given the economic slowdown in Europe, is it time for investing in the Saudi real estate? There is no doubt that the past several years have been difficult for economies around the globe. Despite the fact that few, if any, worldwide markets have evaded the detrimental consequences of Covid-19, Europe has suffered more difficulties than others. The combination of ever-rising energy prices and the crisis in Ukraine has significantly impeded the continent’s recovery from the pandemic. An improved outlook Real GDP growth in the Kingdom is anticipated to reach 7.5% in 2022, which would be the faste ..read more

With all of the chaos produced by the coronavirus pandemic, it may appear that now is not the best moment to buy any form of real estate, let alone an investment property or a second house. But don’t dismiss the possibility entirely. With the government’s recent decision to exempt real estate transactions from the 15% Value Added Tax (VAT), it is a wonderful time to think about investing in real estate because you’ll have greater purchasing power. Why are individuals thinking about buying? Buyers have been drawn in by cheap borrowing rates and the possibility of a recession, which might slash ..read more

On the back of increased demand for housing units, Saudi Arabia’s residential real estate sector, which is heavily concentrated across major cities such as Riyadh, Jeddah, Makkah, and the Dammam Metropolitan Area (DMA), is likely to develop even more in the future years. Growth in the young population, growing income levels, and recent government measures targeted at increasing access to mortgage finance are projected to provide the most support. In addition, the government is pursuing a number of programs to expand the private sector’s role in meeting the need for residential units. The gover ..read more