Real estate specialists confirmed that the decline in demand in the real estate market in the recent period is due to the large numbers announced by the Ministry of Housing in large cities, which led housing seekers to wait and wait, reluctant to buy from the market and developers, and in this regard, the head of the Real Estate Valuation Committee of the Jeddah Chamber of Commerce and Industry, Abdullah Al Ahmari, pointed out that the liquidity in the real estate market has entered a stage close to stagnation, and that the basis on which the real estate is based is supply and demand, adding that: When the solvency of demand becomes less able to cover the cost of supply, then things go through stages such as calm and then stagnation, and thus the available liquidity becomes ineffective as it was in the past. Regarding the impact of the Ministry of Housing products, Al-Ahmari said that the more its products increase on the ground, the more pressure on prices because the average consumer has the ability to stay in his position waiting for more housing products, and this affects the overall rate of demand.

The head of the real estate committee of the Makkah Chamber of Commerce and Industry, Mansour Aburiyash, confirmed that the Saudi real estate market is still retaining the amounts in it, and hinted that there is a kind of pause in pumping new liquidity due to what he called (the period of adjustment and evaluation)

He said: «Oil prices have started to rise, and there are expectations among real estate professionals that there will be more growth in the coming period, which may lead to the revival of the real estate movement positively, so there is a state of anticipation that will continue until next month, when the pace of performance will increase in general.«

He went on to say that the real estate market is in a state of anticipation that will continue until next month. <He went on to say: "The real estate sector has a large volume of liquidity that is the highest in the region according to statistics and economic reports; this liquidity represents about half of the local liquidity in circulation, which makes the clarity of movement in it relatively difficult, but current indicators confirm that there is a tendency to return to what was the situation before."

He called for the need to continue to wait until next month, when the pace of performance will increase in general

. He called for the need for cooperation between the Ministry of Housing, the private sector and experienced real estate developers who have proven with their projects the ability to achieve in various regions of the Kingdom, as the Ministry could achieve a lot in just 24 months; because all the real estate investor needs is to know the Ministry's strategy so that he can perform the tasks that will be assigned to him.

Real estate investors need to be aware of the Ministry's strategy in order to be able to perform the tasks that will be assigned to him.