31 Days
Source:
البلاد
Saudi Housing Minister: Market Stabilizing
The article discusses the efforts of the Saudi Ministry of Housing to transform the real estate market from an environment reliant on speculation to one led by real estate development and increased supply. Indicators have shown a decline in price exaggerations and a balancing of prices within cities and peripheral areas. It also emphasizes the success of the real estate balance programs, which included increasing development licenses and offering more than 27 million square meters for real estate projects, aiming to boost housing supply and achieve market sustainability. Additionally, the article highlights the importance of unifying standards and procedures across Gulf Cooperation Council countries, which enhances investment attractiveness and provides a more integrated environment, thereby supporting sustainable economic development in the region.
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