{"id":59150,"date":"2023-09-11T12:53:05","date_gmt":"2023-09-11T09:53:05","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=59150"},"modified":"2023-09-11T12:53:05","modified_gmt":"2023-09-11T09:53:05","slug":"%d8%a7%d9%84%d8%a8%d9%88%d8%b1%d8%b5%d8%a9-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a%d8%a9-6","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/59150\/","title":{"rendered":"Real Estate Surveys. The real estate bourse is looking for a complementary role"},"content":{"rendered":"

The real estate exchange is looking for a complementary role between real estate agents<\/strong><\/span><\/p>\n

Reconnaissance: Abdullah Alsalih<\/strong><\/span><\/p>\n

After the launch Real estate stock exchange<\/a><\/strong><\/span> Officially, reactions varied and differed regarding the extent of their impact on the real estate market, providing reliable information on the value of transactions for the geographic range determined by the user in complete transparency, and offering services for sorting and combining real estate documents using the real estate ID, in cooperation with the Ministry of Municipal Affairs, Rural Development, and Housing.<\/p>\n

During the pilot launch, the real estate exchange witnessed more than 250,000 transactions, ranging from real estate listings, property sorting and merging, and mortgage and real estate financing services.<\/p>\n

Amal newspaper conducted a large survey about The effects of the dollar on the real estate sector<\/a><\/strong><\/span>.<\/p>\n

Hisham Al-Eifan: The real estate exchange was created to complement the role of market experts<\/strong><\/span><\/h4>\n

In the same subject, Hisham Al-Eifan, a real estate expert, explained that the stock exchange will increase the quality, ease of trading, and other services in the real estate sector, noting the existence of some obstacles such as: the difficulty of viewing the property and knowing its advantages and disadvantages in detail, which hinders the completion of the sale process in a smooth manner, and the emergence of some overpriced offers to raise the region\u2019s prices by its owners, as well as the difficulty of reviewing all the documents related to the property, and receiving and delivering it.<\/p>\n

Al-Ewaan indicated that the real estate exchange has added some features such as: the speed of updating transactions, with the possibility of having real estate available at the same time, which allows for comparison between executed and offered real estate transactions, and it enhances the work of real estate indices that have been available for several years.<\/p>\n

Al-Aween also pointed out that the ordinary buyer does not do without consulting specialized real estate experts; he added that those who want to buy still need to know many details about the property, which are not available on the real estate exchange such as the nature of the land, building possibilities, and the growth opportunities of the region they want to buy in, and whether it suits their personal preferences; however, the real estate exchange has provided the buyer with additional data, including the average purchase price in the region they target, noting that the average price is not accurate and cannot be relied on; sometimes the meter is priced the same in the same neighborhood and at half the price as well; and market real estate experts know what the reasons for this price disparity are; in my opinion, the real estate exchange was created to complement the role of market experts and not to replace them.<\/p>\n

Hisham Al-Eifan concluded by emphasizing the importance of improving the efficiency of those working in the real estate market in reading and analyzing market data, and the ability to cite them for pricing and negotiation in the sale and purchase process.<\/p>\n

\u00a0Abdullah Al Ayash: A qualitative leap in real estate services<\/strong><\/span><\/h4>\n

Abdullah Al Ayash, director of the Sima Home Real Estate Foundation, said that the official launch of the real estate exchange is a qualitative leap and an evolution in real estate services, due to the numerous advantages it offers, including the ease of execution and the direct interaction between the parties involved in the sale and purchase process without resorting to notaries or registrars, with the execution of the transaction being carried out remotely, a very secure process under the auspices of the Ministry of Justice, as well as the transparency of the offers regarding the data related to the documents and the mortgage.<\/p>\n

Regarding the real estate index service, Al Ayash explained that it is a distinguished service and we aspire to be the strongest among the indices because it draws its data from the records of the Ministry of Justice. Although it is relatively new in its launch, we must not ignore its success in the trial period, as it is based on a large database and we have confidence in its technical team and the information providers that they are working on its continuous development so that it becomes more distinctive in this aspect.<\/p>\n

The director of the Sima Hom Real Estate Foundation emphasized the need for those involved in the real estate market to have sufficient knowledge of the region where the properties are located in order to determine the appropriate prices and the nature of the real estate market there, as there are differences in prices. He emphasized that this is a great investment opportunity for these individuals, as they have the ability to analyze the successful transaction through their experience and acceptance of the offer to sell.<\/p>\n

Abdullah Al Ayash revealed the challenges facing the real estate exchange: the extent to which real estate owners are inclined to pay the real estate transaction tax on commercial offers that are priced high to be listed on the exchange, which will affect the exchange's support and prosperity, (the situation will remain as it is with the supply from brokers and brokerage establishments.)<\/p>\n

 <\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>Real Estate Exchange Seeks Synergy Among Real Estate Professionals Survey: Abdullah Al-Salih: Following the official launch of the Real Estate Exchange, reactions have varied regarding the extent of its impact on the real estate market, as it provides reliable information on transaction values for the geographic area specified by the user with the utmost transparency, and offers services for sorting and consolidating real estate deeds using the real estate ID, in cooperation with the Ministry of Affairs \u2026 Read more<\/a><\/p>","protected":false},"author":10,"featured_media":59159,"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":[119],"tags":[],"class_list":["post-59150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-finance"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak 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