Real estate is on the cusp of a new boom
Reading time: 2 MinutesHani Khashoggi writes: Real estate is on the cusp of a new boom
Month: March 2023
«Sumtech to hold Riyadh e-mar auction next Wednesday
Reading time: < 1 MinuteThe National Platform for Auctions (Sumtech), which is newly accredited by the Assignment and Liquidation Center (Enforced), announced that it will hold an auction for 57 plots of land with commercial and residential investment use in cooperation with Hawiya Auctions, next Wednesday, and will continue until April 10. The platform stated that the auction offers quality opportunities for investors and those looking for land in distinctive locations ... Read more
Ministry of Justice: 35,326 mortgaged properties in 8 months, with Riyadh leading the way
Reading time: < 1 MinuteMinistry of Justice: 35,326 mortgaged properties in 8 months, with Riyadh leading the way
Sharqiya Municipality conducts inspections on buildings under construction in Jubail Governorate
Reading time: < 1 MinuteSince the beginning of the holy month of Ramadan, the Municipality of the Eastern Province has carried out 120 control rounds on buildings under construction in Jubail Governorate, which resulted in the detection of 55 violations represented in not placing a fence on the facade of buildings, not installing an identification plate indicating the type of facility and the data of the building license, in addition to throwing construction waste in non-designated places and not providing cleanliness containers. ... Read more
Minister of Municipal and Rural Affairs and Housing inspects Jeddah Municipality's most prominent projects
Reading time: 2 MinutesMinister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al-Haqeel yesterday inspected the most prominent projects being implemented in Jeddah during his visit to the Jeddah Municipality, during which he met with HE Secretary Saleh bin Ali Al-Turki and witnessed the signing of an agreement in the field of recycling demolition and construction waste. At the beginning of the visit, the Minister of Municipal, Rural Affairs and Housing met with the leaders and officials of the Municipality, ... Read more
«Red Sea International partners to launch Rosewood Amala Resort»
Reading time: 2 MinutesRed Sea International, the developer of the world's most ambitious regenerative tourism projects - the Red Sea and Amala destinations - has partnered with Rosewood Hotels & Resorts to launch Rosewood Amala, located in one of the world's most pristine environments, the Red Sea region of Saudi Arabia. According to Red Sea International, the Rosewood Amala Resort is located specifically ... Read more
U.S. home sales rise more than expected last month
Reading time: < 1 MinuteExisting home sales in the United States rose more than expected in February. According to data from the National Association of Realtors, the number of final contracts for the sale of housing last month rose by 14.5% per month to 4.58 million annualized homes, after falling by 0.7% in January to 4 million annualized homes. And it was ... Read more
South Korea's construction agreements fall to record lows due to weak demand
Reading time: < 1 MinuteSouth Korea's construction agreements fell to a record low in the previous quarter, as the real estate market cooled, as rising interest rates weakened demand and inflation-induced cost increases. According to Bloomberg News, the Ministry of Land, Infrastructure and Transportation said in a statement that the value of contracts nationwide fell 181.4TP3T from the same period a... Read more
Germany's house prices fell sharply in the fourth quarter of 2022
Reading time: < 1 MinuteThe German Federal Statistical Office announced that residential real estate prices in the country fell sharply towards the end of last year after a long boom period. The bureau attributed the quarter-on-quarter decline of 5 % in the fourth quarter to lower demand resulting from higher mortgage costs and inflation. The bureau said the decline was the steepest since ... Read more
«SIRC recycles more than 16 million tons of construction and demolition materials
Reading time: < 1 Minute«SIRC recycles more than 16 million tons of construction and demolition materials
