White land fees .. a step to curb speculation and achieve housing balance
Those who specialize in urban and real estate planning said: The adoption of a map of white land fees reflects the state’s direction towards restructuring The real estate market , and controlling land prices, which represents about 60% of the cost of housing."today"That Land classification to 5 segments aimed at reducing speculation and stimulating urban development, while raising fees to 10% is expected to speed up the sale and increase the supply. Land
Professor of Urban Planning d. Walid Al -Zamil: The adoption of a map White land fees reflects the state’s keenness to control the prices of lands that sometimes constitute more than 60% of the cost of the housing unit."."Walid Al -Zamil" Height ="157" SRC ="** np_image_body[2655470]**" Style ="Float: Left" width ="157" />
pointed out that the city of Riyadh is witnessing an accelerated population growth and an increase in demand for land, which requires urgent policies to address the future housing crisis. Real Estate."Khaled Al -Mobaideh" Height ="217" SRC ="** np_image_body[2655469]**" Style ="Float: Left" width ="157" />
explained that real estate projects usually require a period that extends from months of planning and design to two or three years of construction, which means that the practical results will appear gradually. Reports slowing the growth of housing prices to 0.4% annually, compared to 5.1% before".
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