{"id":20683,"date":"2018-05-19T14:44:54","date_gmt":"2018-05-19T11:44:54","guid":{"rendered":"http:\/\/www.amlak.net.sa\/home\/?p=20683"},"modified":"2018-05-19T14:44:54","modified_gmt":"2018-05-19T11:44:54","slug":"%d8%a7%d9%84%d8%a3%d8%b3%d8%aa%d8%a7%d8%b0-%d8%b9%d8%a8%d8%af-%d8%a7%d9%84%d8%b9%d8%b2%d9%8a%d8%b2-%d8%a7%d9%84%d8%b9%d9%8a%d8%b3%d9%89-%d9%8a%d9%83%d8%aa%d8%a8-%d9%85%d8%a7%d8%b0%d8%a7-%d9%8a%d8%ad","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/20683\/","title":{"rendered":"Mr. Abdulaziz Al-Issa writes: What is happening in the real estate market?"},"content":{"rendered":"

Intertwined and overlapping lines surround today's real estate market, and intense contradictions have led to a lack of clarity in buyers' decision-making in the face of abundant supply but, unfortunately, this does not satisfy demand desires; especially in the residential sector, which has become a perplexing puzzle in the eyes of many experts, because the abundance of supply necessitates a drop in prices and increased demand for purchase; others say otherwise, as prices remain stubbornly resistant to decline despite the efforts of real estate developers and the Ministry of Housing, which has set a ceiling for its residential products at 750,000 riyals.\u064d<\/span> The maximum.<\/p>\n

The sales program on the map was very relied upon to increase the number of market sales and contribute to solving the housing crisis in a way that goes beyond the mere reservation of engineering designs and renderings that attract citizens and attract the interest of those who dream of a safe home that frees them from the embarrassment of landlords and rental bills, while at the same time there are many projects that are stalled and no one knows about them.\u00a0 <\/span>How many of them are there and why have they stopped working; this further complicates the real estate scene.<\/p>\n

One of the common and heard scenes in real estate councils is the inability of the citizen to purchase their residential unit without direct support from the fund, despite the reduction of the down payment from 30% to 10%. Given the urgent need for support, we find that a large number of beneficiaries are requesting the postponement of their loans; this is due to their lack of trust in the market, and at the same time, they cannot adapt to the high financing costs.<\/p>\n

As for the buying and selling movement, we see a movement in the sale of small ready-made villas that are characterized by a golden price (less than one and a half million), and the rental market has decreased in some areas by more than 60%, especially in neighborhoods inhabited by foreigners who have started the return season to their countries due to economic changes and new regulations. In the northern neighborhoods and the rest of the high-end neighborhoods, the rental prices have decreased by about 30%, while some neighborhoods have maintained apartment prices and rents.<\/p>\n

The real estate market now needs a database that helps eliminate the distortions that surround it and separate the sector from the fabricated rumors spread by some on social media, which have harmed owners and buyers greatly and lost them significant investment opportunities, and led to men and real estate professionals not keeping up with the market, which does not negate the significant and positive role that auctions played in clarifying the real picture of the market and strengthening the desire to buy.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>Broad and intertwined lines surround today\u2019s real estate market and dense contradictions have led to a lack of decision-making for buyers in the face of abundant supply but, unfortunately, this does not satisfy demand desires; especially in the residential sector, which has become a perplexing mystery in the eyes of many experts, because the abundance of supply requires prices to fall and people to rush to purchase; others say otherwise, as prices remain stubbornly high and refuse to decline\u2026 Read more<\/a><\/p>","protected":false},"author":10,"featured_media":20074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"amlak_video_sent":"","footnotes":""},"categories":[100],"tags":[],"class_list":["post-20683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-residential"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak 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