<\/p>\n
The inflation rate in Saudi Arabia\u2019s housing sector declined by 1.9% in April 2019 compared to the previous year, while the percentage remained unchanged compared to last March, indicating that this decline has significantly contributed to lower prices for goods and services\u2014including housing, water, and electricity\u2014since the beginning of 2019 (residential real estate)... <\/span><\/p>\n\n This was stated in a recent report issued by \u201cJadwa Investment<\/a>\u201d who explained that prices for services and goods in the housing, water, electricity, and gas sectors had fallen by 8% from the beginning of 2019 through the end of April, noting that this was due to a decline in residential rents by an average of 9.1% during the same period, as well as reforms implemented by the Ministry of Housing in the real estate sector aimed at making housing prices affordable for citizens.<\/span>.<\/span><\/p>\n\n A feasibility report noted that the Ministry of Housing\u2019s \u201cSakani\u201d program has made approximately 630,000 housing units available to citizens since the program\u2019s launch in February 2017, of which 48 % are residential units, In addition to the Ministry of Housing\u2019s January 2019 announcement of 200,000 housing and financing options to be made available during the year\u2014including 50,000 residential units, 50,000 residential land plots, and 100,000 financing options\u2014 This has contributed to the delivery of approximately 55,000 units from the beginning of the year through last April, leaving a total of 145 residential units that must be provided during the remaining eight months of the year to meet the Ministry\u2019s 2019 target.<\/span>.<\/span><\/p>\n\n A feasibility report noted that the decline in residential rental prices\u2014despite being a subset of the real estate sector\u2014is due to their exemption from value-added tax and to a decrease of approximately 1.6 million in the number of foreign workers in the Saudi labor market over the past two years, According to the number of final exit visas issued, this has played a major role in the decline in demand for rental housing, which in turn has led to a drop in rental prices.<\/span>.<\/span><\/p>\n\n The report also noted that transportation prices had declined by 0.5 % through the end of April 2019 as a result of Aramco\u2019s policy of adjusting domestic gasoline prices to align with global prices, However, it projected slower growth in 7 out of 11 sectors, including healthcare, apparel, and entertainment, and continued price increases in a number of sectors\u2014most notably food and beverages, restaurants, and hotels\u2014through the end of the year.<\/span><\/p>\n\n <\/p>\n\n <\/p>\n\n <\/p>\nMakkah's Al Aziziyah View auction conglomerate sells the site for the first time for a total value of SAR 385.5 million<\/a><\/strong>\n <\/p>\nAl-Baradi, Al-Hamoud, Al-Thubaiti and Kanooz Makkah are auctioning off Al-Aziziyah's investment land today<\/a> <\/strong>Territory\n <\/p>\nPrince of Riyadh inaugurates Al Rajhi Bank tower and praises the quality of its transactions<\/a><\/strong>\n <\/p>\n\u201cItqan Real Estate reveals its endeavors to provide online auction access\u201d is locked<\/a>\n <\/p>\n\u201cReal Estate Development Fund: We aim to serve 165,000 citizens annually, and the opportunity is ripe for first home ownership<\/a>\n <\/p>\nHousing Ministry allocates SAR 3 billion to finance factories in various modern building technologies<\/a><\/strong>\n <\/p>\nMinistry of Housing and Al Tamimi International to construct 374 housing units in the Eastern Province<\/a><\/strong>\n <\/p>\nwith high international participation. Saudi ILINX 2019 kicks off today in Riyadh and looks ahead to the future of renewable and clean energy<\/a><\/strong>\n <\/p>\nAl-Baradi, Al-Hamoud and Al-Nuwisher Real Estate Alliance is offering 183 residential plots in Al-Khair neighborhood, north of Riyadh<\/a><\/strong>\n <\/p>\nMinister of Housing: Moving to the second phase of white land fees comes after completing the measurement of the results of the first phase<\/a><\/strong>\n <\/p>\nOff-plan sales program issues foreign real estate marketing license to sell 680 apartments<\/a><\/strong>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>The inflation rate in the residential sectors in Saudi Arabia decreased in April 2019 by 1.9% compared to last year, while the percentage did not change compared to last March, indicating that this decrease greatly influenced the decline in the prices of goods and services, including housing, water and electricity, since the beginning of 2019, (Residential Real Estate) ... Falling prices ... Read more<\/a><\/p>","protected":false},"author":10,"featured_media":22889,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"\u0639\u0642\u0627\u0631\u0627\u062a \u0633\u0643\u0646\u064a\u0629 .. \u062a\u0642\u0631\u064a\u0631 \u062d\u062f\u064a\u062b: \u062a\u0631\u0627\u062c\u0639 \u0646\u0633\u0628\u0629 \u0627\u0644\u062a\u0636\u062e\u0645 \u0641\u064a \u0627\u0644\u0642\u0637\u0627\u0639\u0627\u062a \u0627\u0644\u0633\u0643\u0646\u064a\u0629 \u0628\u0646\u0633\u0628\u0629 1.9% \u0641\u064a \u0623\u0628\u0631\u064a\u0644 \u0627\u0644\u0645\u0627\u0636\u064a","_seopress_titles_desc":"\u0639\u0642\u0627\u0631\u0627\u062a \u0633\u0643\u0646\u064a\u0629 .. \u062a\u0642\u0631\u064a\u0631 \u062d\u062f\u064a\u062b: \u062a\u0631\u0627\u062c\u0639 \u0646\u0633\u0628\u0629 \u0627\u0644\u062a\u0636\u062e\u0645 \u0641\u064a \u0627\u0644\u0642\u0637\u0627\u0639\u0627\u062a \u0627\u0644\u0633\u0643\u0646\u064a\u0629 \u0641\u064a \u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0628\u0646\u0633\u0628\u0629 1.9% \u0641\u064a \u0623\u0628\u0631\u064a\u0644 \u0627\u0644\u0645\u0627\u0636\u064a.. \u0645\u0645\u0627 \u0623\u062b\u0651\u064e\u0631 \u0641\u064a \u0627\u0646\u062e\u0641\u0627\u0636 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u062e\u062f\u0645\u0627\u062a","_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":"\u0639\u0642\u0627\u0631\u0627\u062a \u0633\u0643\u0646\u064a\u0629","_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":[],"footnotes":""},"categories":[100],"tags":[],"class_list":["post-25742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-residential"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post excerpt","type":"text","formatted_value":""}},"featured_image_urls":{"full":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2018\/12\/\u0645\u064a\u062f\u064a\u0627-\u0648\u0646-\u0639\u0642\u0627\u0631\u0627\u062a-\u062c\u062f\u0629.jpg",500,281,false],"thumbnail":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2018\/12\/\u0645\u064a\u062f\u064a\u0627-\u0648\u0646-\u0639\u0642\u0627\u0631\u0627\u062a-\u062c\u062f\u0629-150x150.jpg",150,150,true],"medium":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2018\/12\/\u0645\u064a\u062f\u064a\u0627-\u0648\u0646-\u0639\u0642\u0627\u0631\u0627\u062a-\u062c\u062f\u0629-300x169.jpg",300,169,true],"medium_large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2018\/12\/\u0645\u064a\u062f\u064a\u0627-\u0648\u0646-\u0639\u0642\u0627\u0631\u0627\u062a-\u062c\u062f\u0629.jpg",500,281,false],"large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2018\/12\/\u0645\u064a\u062f\u064a\u0627-\u0648\u0646-\u0639\u0642\u0627\u0631\u0627\u062a-\u062c\u062f\u0629.jpg",500,281,false],"1536x1536":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2018\/12\/\u0645\u064a\u062f\u064a\u0627-\u0648\u0646-\u0639\u0642\u0627\u0631\u0627\u062a-\u062c\u062f\u0629.jpg",500,281,false],"2048x2048":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2018\/12\/\u0645\u064a\u062f\u064a\u0627-\u0648\u0646-\u0639\u0642\u0627\u0631\u0627\u062a-\u062c\u062f\u0629.jpg",500,281,false],"trp-custom-language-flag":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2018\/12\/\u0645\u064a\u062f\u064a\u0627-\u0648\u0646-\u0639\u0642\u0627\u0631\u0627\u062a-\u062c\u062f\u0629.jpg",18,10,false],"event-thumbnail":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2018\/12\/\u0645\u064a\u062f\u064a\u0627-\u0648\u0646-\u0639\u0642\u0627\u0631\u0627\u062a-\u062c\u062f\u0629-300x200.jpg",300,200,true],"event-medium":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2018\/12\/\u0645\u064a\u062f\u064a\u0627-\u0648\u0646-\u0639\u0642\u0627\u0631\u0627\u062a-\u062c\u062f\u0629.jpg",500,281,false],"event-large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2018\/12\/\u0645\u064a\u062f\u064a\u0627-\u0648\u0646-\u0639\u0642\u0627\u0631\u0627\u062a-\u062c\u062f\u0629.jpg",500,281,false],"event-hero":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2018\/12\/\u0645\u064a\u062f\u064a\u0627-\u0648\u0646-\u0639\u0642\u0627\u0631\u0627\u062a-\u062c\u062f\u0629.jpg",500,281,false]},"author_info":{"info":["\u0627\u0645\u0644\u0627\u0643 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629"]},"category_info":"\u0633\u0643\u0646\u064a<\/a>","tag_info":"\u0633\u0643\u0646\u064a","comment_count":"0","_links":{"self":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/25742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=25742"}],"version-history":[{"count":0,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/25742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media\/22889"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=25742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=25742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=25742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Decline in Housing Service Prices<\/span><\/b><\/h3>\n
630,000 residential units for citizens<\/span><\/b><\/h3>\n
1.6 million foreigners leave the labor market<\/span><\/b><\/h3>\n
Transportation prices fell by 0.5 %<\/span><\/b><\/h3>\n
For more news and reports, please click on the following links:<\/strong><\/h3>\n
real estate - Residential real estate<\/span> - Land - Residential real estate<\/span> \u2013 Land \u2013 Residential real estate<\/span> \u00a0-<\/h3>\n
Residential real estate<\/span><\/h3>\n
Amlak Real Estate Newspaper Issue 173<\/strong><\/a><\/h3>\n
Residential real estate<\/span><\/h3>\n