The rise in land prices in the capital Riyadh has caused many of those wishing to buy to the old neighborhoods to buy land to build their homes or buy an old house and restore it or demolish it and build it again, as according to what is circulating among real estate professionals, land prices in the old neighborhoods are still lower than the new neighborhoods, and the price per meter ranges between 1700-2500 and workers in the real estate market expect that the price will not increase and will be stable for a while and the price may decrease.

Real estate market workers expect that the price will not increase and will be stable for a while and the price may decrease. <According to a press monitoring, one of the most demanded neighborhoods, according to real estate offices, neighborhoods that are characterized by spacious streets, full of services and close to the main roads, in addition to the large area of old lands and houses, as most of them are not less than 400 meters because some prefer to live in large areas, unlike new neighborhoods ranging from 250 meters to 300 meters, and an employee of real estate investment companies stated that a high movement is witnessed in old neighborhoods, so that the house is bought, and then the house is demolished and rebuilt and sold, especially since the purchase process has become easier with the support provided by the state to finance housing projects and the Real Estate Fund. For his part, economist Abdul Hamid Al-Omari explained that many buyers and real estate companies have started to return to the old and full-service neighborhoods (educational, health) because their prices are affordable and have not been affected by the great rise that affected the new neighborhoods, adding that old buildings have much better construction quality than newly constructed real estate products, and what has become suffering from many poor construction, and at the same time they are offered at very high prices.

Real estate specialist Askar Al-Mimouni said that old construction is better than new construction, so buying a 10-year-old villa is better than buying a new one that does not have a sustainability certificate or Saudi building code, because the citizen is looking for quality construction.

Real estate specialist Askar Al-Mimouni said. <Twitter users did not miss the topic, and many of them talked about the idea of buying an old house and renovating it, as Ayoub al-Faridi said: I bought a 12-year-old house and I did a renovation and it came out, God willing, but I bought it from a personal builder and the foundation is very good and in my opinion, I see the used one and its average age from 15 to 8 years is much better than the new one for three main reasons: (better foundation - you restore how you want and put your touch and modify what you want - the lowest price).

Al-Faridi