The local real estate market is witnessing an important turning point in light of the recent regulatory decisions related to white land fees, and with the Ministry of Municipalities and Housing starting to issue invoices at the beginning of this month, in a move aimed at resetting the market, enhancing its efficiency and achieving the required balance between supply and demand.

<The effects of these decisions have begun to appear clearly on unplanned land (raw lands), where the features of a price correction emerged, while developed lands and new ready-to-use real estate units have maintained a degree of price stability so far, due to the fact that a large segment of landowners and developers acquired these assets in previous periods at high prices, whether through bank financing or through investment channels and real estate funds, which limited the decrease in the selling price at the current stage.

The effects of these decisions have begun to appear clearly on unplanned lands (<a href="_COPYa" target="_blank" href="_blank" target="_blank" target="_blank" target="_blank" href="_blank" target="_blank" target="_blank <However, the reading of real estate indicators indicates that the next stage is likely to witness a transition towards more realistic prices, governed by the equation of supply and demand, especially in new schemes that have not yet entered the scope of development. This correction is expected to provide better investment opportunities for developers and investors, while reducing the cost of development for raw land, which is reflected in the real estate product and the final price of the beneficiary, and this is confirmed by some real estate auctions for raw land, including the Riyadh Raw Auction - Al Narjis neighborhood, whose area exceeded 1.2 million square meters, where the offered lands did not achieve the appropriate prices for sale, in a clear indication of changing the behavior of the real estate developer and increasing the level of anticipation and caution in making the investment decision for raw land.

Real estate indicators indicate that the next stage will witness a transition towards more realistic prices, governed by the equation of supply and demand, especially in the new plans that have not yet entered the scope of development. <This shift is a correction that enhances the sustainability of the real estate market and serves the parties of the system, whether the investor or the developer to the citizen looking for suitable housing. It also contributes to achieving a more balanced market, in which the gap between purchasing power and offered prices is reduced.

@Fahadfaf12