Saudi real estate market poised for new boom
Al Shorfa | Lucien Zeigler | 9.5.12
New programmes and the new mortgage system — approved by the cabinet in July and expected to take force in the next few weeks — will contribute to decreased land prices, realtors said.
Land prices are expected to drop by 20%, especially in the central, eastern and western regions, according to realtors. Residential land prices in cities will vary based on several indicators, including services, employment opportunities, and the level of development.