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70 thousand real estate transactions in the residential sector during the first half

Reading time: < 1 MinuteSpecialized reports showed that the volume of transactions in the residential sector during the first half of 2023 decreased by 32% compared to the previous year, recording 70 thousand transactions during 6 months, while 103 thousand transactions were recorded during the same period last year.

31/07/2023

Residential Sector Index
Residential Sector - Real Estate Licensing

with an increase of 30%. The planned volume of housing units in the Kingdom rises to 660,000 units

The plans include 5.3 million m2 of retail, 320,000 hotel rooms, 25 giga projects and a western concentration.

13 real estate opportunities at the Asdal auction

A combined in-person and online auction on July 3 for strategic properties in Makkah and Jeddah, supervised by the Attribution and Liquidation Center.

Spokesperson for the General Real Estate Authority - Penalty for providing real estate informationTaysir Al-Mafraj

Video | How to avoid the most popular real estate scams

The spokesperson of the General Real Estate Authority warns against unlicensed platforms, impersonating brokers and asking for a deposit before inspection

Singapore

The 25 most expensive cities in the world Singapore maintains the top spot

Julius Baer Group report: Hong Kong second, London third and Shanghai fourth with the impact of currency fluctuations, respectively

Real Estate Development Fund - Housing Subsidies

Real Estate Fund: 989 million riyals deposited in the accounts of “Residential” beneficiaries for the month of June

The amount deposited since 2017 amounted to about 60.4 billion riyals.

Barcelona plans to abolish renting apartments to tourists to ease the housing crisis

Licenses for tourist apartments will cease by the end of 2028 to put about 10,000 homes on the local housing market

Bedroom Decorations

4 inexpensive steps to freshen up your home decor

Practical and affordable tips: Plants, linens, warm lighting and fringe to update your bedroom decor.

U.S. real estate prices

Confidence in U.S. homebuilders falls to lowest level in 2024

National Association of Home Builders/Wells Fargo index falls to 43 in June as sales expectations fall

Canada's housing starts rise to 7-month high

Construction starts of 264,506 units in May, up 9.7%, led by Ontario and Quebec and British Columbia's decline.

General Authority for Statistics - Residential Rental Prices

10.5 % Rental prices rise in Saudi Arabia in May

Commission: Apartment rents jumped 14.3% and contributed 21% to May inflation

Infographic: Kadana Al Wadi A residential project with 10 towers to serve more than 30,000 pilgrims

Built by Kadana within 9 months in Block 38 in Mina, each tower contains 140 rooms.

The Good Housing app... What do you know about it and how can you benefit from the platform?

Launched to facilitate housing contributions and empower needy families, it has provided housing for more than 22,000 families through 350 associations.

Signing two cooperation agreements to govern implementation procedures in the Kingdom's residential sector

Two agreements between the Board of Grievances, the Ministry of Affairs and the Real Estate Development Fund to digitally link Tanfeeth's platform to the Administrative Court of Enforcement.

Video: National Housing President: We achieved the highest sales value in the company's history last month

May sales exceeded SAR 3 billion, the launch of the Makkah Gate suburb and plans for new projects in the western region.

Imad Al-Abdalrahman - Economic Journalist - Riyadh Metro - Foreign Investment in Real Estate - Elevators - Amlak Real Estate Newspaper

Real estate and customer experience

Despite the surge in legislation from the General Real Estate Authority (GRA), there is a lack of attention to the customer experience, resulting in lost customers and a lack of quality services.

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