What was expected happened, the value of sales of apartments and villas decreased significantly with the first week in which the white land fees were issued, as a first phase in the Riyadh region, and as a result, the values of real estate transactions decreased by more than 40 percent in weekly transactions.

This decrease may make many people feel some optimism in the hope that land and real estate prices will return to the right and reasonable path after they reached astronomical figures, in front of which many citizens stood by. <This decrease may make many people feel some optimism in the hope that land and real estate prices will return to their correct and reasonable path after they reached astronomical figures before which many citizens stood in front of the spectator who was surprised, which increased the great expansion of the circle of the inability of buyers to buy land and housing units offered for sale, and this led to the exacerbation of the long-standing housing crisis, although the relevant authorities, led by the Ministry of Housing, are making appreciable efforts in this regard, but the total solution to the housing crisis needs a long time. Now all indicators and indications indicate that the application of white land fees will gradually reshape the real estate market in general and thus lead to fundamental shifts, most notably the gradual decline in housing units and land, as landowners are expected to start developing their lands and thus pumping more land areas so that they are suitable for construction at good and reasonable prices.

Returning to the figures of the white land fees, the Ministry of Housing has been working on this issue for a long time.

Returning to the figures and statistics related to the sales movement of the real estate market, we find that the value of real estate transactions witnessed significant declines that reached very low levels, as it did not exceed 3.2 billion riyals by the end of the fourteenth week of this year. In addition, we find that real estate deals and properties sold decreased by 15.3 percent, and the area of real estate deals also decreased by more than 14 percent.

These results are logical. These results are logical and expected, as the reaction of the real estate market was directly affected by the issuance of the first bills of land fees in the Riyadh region, and with the decline in local liquidity levels, it is expected that the circle of decline in land prices and sales of residential units will expand when white land fee bills begin to be issued in other cities and governorates, especially in the western and eastern regions, which have a significant impact on the real estate movement in general in the Kingdom.

These results are logical and expected, as the reaction of the real estate market was directly affected by the issuance of the first bills of land fees in the Riyadh region.

The accelerated steps make us optimistic that we are on the threshold of a new phase in which the real estate market will be reformulated to stabilize the prices of residential and commercial units and land at logical levels so that they become affordable for everyone, God willing.