The word «real estate» is a comprehensive word and includes any land with an area of 100 m2 or more and also includes, for example, an apartment of 50 m2 to 500 m2 and includes villas of all kinds, mansions, malls, hotels, hospitals and all kinds of commercial buildings with income.

The word "real estate" is considered a comprehensive word and includes any land with an area of 100 m2 or more.

More importantly, there are criteria for real estate such as location, which is the most important criterion, as well as the type, and also includes finishing, so how can a country with a population of more than 20 million reach a stage of collapse of real estate in it? If we look at the reality, we find that real estate in this country is still the righteous son, indeed, it is the main source of income to this day for many citizens and merchants.

As for what is happening now from the real estate recession is only a period of regulation and settlement of situations to its basic form, the boom we witnessed before was only a good cloud from the Lord of the Worlds and a lesson and many have counted what he counted and reaped what he reaped from the benefits, but now we are back to reality and very normal prices, as these prices contributed to correct the course of real estate in the Kingdom and put it in its rightful place.

As for what is happening now from the real estate recession is only a period of regulation and settlement of situations to its basic form.

Is it reasonable for someone who bought a property for the lowest amount to expect astronomical returns for a lifetime? Indeed, this is the reason that led to the greed of many real estate owners, who finally realized that the property, whatever happens to it, will not collapse and that the current prices are the real prices for it, and are commensurate with a large sector of the countrymen, and we reaffirm that the property has not and will not collapse and will remain the righteous son of the country.

There are a number of reasons and indicators that led to the decline in prices and put them on the right track, including pumping more units housing of various types and in various regions of the Kingdom, whether by the private sector represented by real estate companies and institutions or by the public sector represented by the Ministry of Housing, in addition to the application of white land fees, which led to the acceleration of their owners to qualify them and convert them into housing units, in addition to that, the decline in oil prices globally also led to the decline in land prices and thus the decline in the prices of housing units in general.

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Finally, praise be to God for His abundant blessings, with which God has blessed us and we ask Him for more security, safety and stability under our wise government led by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and his Crown Prince Mohammed Salman bin Abdulaziz - may God protect them.