Causes of rising rents in major cities
Matar Al-Shammari
1- The imbalance between supply and demand for residential rents.
2- Increasing population growth in major areas, especially Riyadh. <3- Requiring companies that have contracts with the state to open their headquarters in Riyadh. <Increasing migration from villages to the capital in search of job opportunities and university education. 5- Expropriation of some neighborhoods in Riyadh and some neighborhoods in Jeddah
5- Expropriation of some neighborhoods in Riyadh and some neighborhoods in Jeddah <The religious seasons of Hajj and Umrah. <Festivals and seasonal parties such as the Riyadh season and the Jeddah season. <Rising real estate prices and increasing interest rates from the U.S. Federal Reserve. <9- Investing in apartments through daily rentals through apps.
10- The design of residential buildings does not serve the growing demand for rentals.
11- Mega state projects in major cities.
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12- There is no mechanism and criteria to determine the percentage of rent increase by landlords and increase
12- There is no mechanism and criteria to determine the percentage of rent increase by landlords and increase
Prices are random.
13- The work of the Tourism Authority to increase the percentage of tourists and visitors to the Kingdom.
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Specialist and interested in real estate
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