Amlak Newspaper surveys opinions Dr. Al-Muneef: The auctions of Al-Rajhi's estate melted the ice and eliminated the phenomenon of hesitation and reservation

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With the beginning of the recovery of the real estate market in the last period, the demand for deals on residential and commercial lands witnessed a great demand from investors and citizens, which prompted specialists to expect more demand for residential units in the presence of a supply that may not meet the desires of Saudi families, in preparation for the next stage of building, construction and urbanization.

Amlak Real Estate Newspaper initiated a survey on the next stage of the real estate market trends.

Amlak Real Estate Newspaper surveyed businessmen and investors about the next phase of the real estate market trends...

<For his part, Dr. Mamoun Al-Muneef, Managing Director of Taraz Al-Arabia Company, noted that since the estate of Sheikh Saleh Al-Rajhi, God rest his soul, was put on the market, real estate professionals were very optimistic about the success we witnessed at the level of all auctions and other auctions in Riyadh, due to the thirst of the real estate market for buying and selling movements that were greatly affected by the recent recession period, and Dr. Al-Muneef expected that the movement of auctions will be active in the real estate market.Therefore, it is expected that this movement will be accompanied by a significant recovery in the construction sector, especially since there is a decrease in the prices of building materials, which will benefit from large real estate developers to accelerate the need to meet the demand of Saudi families with special specifications that meet their desires in addition to appropriate prices, and the most encouraging thing is the turnout of investors and citizens to buy residential plots of land with the intention of building.

Dr. Al-Manif predicted that the real estate market is thirsty for the buying and selling movement that was greatly affected by the recent recession period.