Despite the stagnation of real estate and the sale of white land within the urban area, real estate is still holding its own. Yes, there is a lack of seriousness and hesitation that caused the recession, but real estate is real estate, and it has not lost its luster, despite the speculation that its prices will fall.

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Despite the the beginning of the countdown to the implementation of white land fees that will be launched at the end of the current calendar year (December 2016), under the supervision of the Ministry of Housing, space"> , after the historic decision taken by the Council of Ministers during the last calendar year, approving the white land fee system related to the imposition of an annual fee, for land owned by one or more natural or legal non-governmental persons, at (2.5%) of the land value, but real estate and white lands were not affected by that, and the recession space"> that occurred in some areas is due to several reasons, most notably the hesitation of some investors to buy, waiting for the results of the decision to impose fees on white lands, as well as the lack of liquidity, in general, due to the delay of the Ministry of Finance in pumping dues into the accounts of construction companies converted-space"> that implement government projects, as well as the movement created by the Ministry of Housing and its seriousness in launching many of its products, such as land and loan, additional loan, and pumping housing units for those eligible, all these developments made investors reluctant to enter the adventure of buying real estate or white land.

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Housing projects are positive indicators that favor the real estate market and increase competition between the public and private sectors, which is a strong incentive to improve the performance of the real estate market, all of which contribute to solving the housing crisis, especially for low-income people.

Despite the recession, there is movement from time to time, as there have been recent real estate deals north of Riyadh that Amlak learned about, worth more than two hundred and half million riyals, which were not disclosed, as well as Majid Al Futtaim, under the patronage of the Emir of Riyadh, launched last week real estate investments in Riyadh with about 14 billion riyals related to the establishment of Mall of Saudi Arabia in the Narjis neighborhood in the north of Riyadh and Mall City Center in the Ishbiliya neighborhood in the east, according to the latest international specifications.

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God Almighty has given us a vast country that can accommodate everyone, and we only need to organize the management of the real estate market in a more professional manner away from individual gains.