Experts: The Crown Prince draws the features of a more just and sustainable real estate market
Planning and real estate experts said: The directives of His Royal Highness Prince Muhammad bin Salman, Crown Prince, Prime Minister, re -draw the Saudi real estate market, and represents a strategic shift."today": The recent decisions in the Housing." target ="_Blank"> A road map for a more stable real estate market, balances the interests of investors and the rights of the population, and draws the features of an integrated urban future for the city Riyadh is in line with the targets of national development.
A clear vision Dr. Walid Al -Zamil, professor of urban planning at King Saud University, said: The recent decisions came to reflect a clear vision to achieve sustainability and enhance the public interest, as it was not limited to controlling the real estate market, but extended to establish a balance that serves all parties; From investors and tenants to limited income families."Walid Al -Zamil" Height ="168" SRC ="** np_image_body[2678663]**" Style ="Float: Left" width ="157" />
added: The land fees represent a complementary step, as it restores the Earth its basic function as a means of construction and urban development, not a tool for speculation, which enhances the efficiency of the urban structure and meets the needs of a city that grows quickly. The ministers, to ensure that spending on housing does not exceed 30% of family income. /> He stressed that the issue is not only related to the control of the relationship between the lessor and the tenant or the fixation of the rent, but rather that it goes beyond motivating the offer by offering lands, organizing fees and supporting the infrastructure of residential projects.
Al -Mobaideen added: One of the slogans that was repeated at the government press conference yesterday is (preserving the rights of all parties), which reflects the pursuit of real estate policies to create an acceptable medium ground that does not tend to a party at another expense. He confirms that the organizational tool is not rigid, but is able to develop. Sustainable achieves a balance between supply and demand, takes into account the purchasing power of families, and enhances the quality of residential projects. Real Estate has become a major tool to support market stability, with organizations that reduce risk and limit speculation, which guarantees a safer environment for both investors and developers.
and expected this transformation to lead to price stability and increase competition between developers, not only at the price level, but also in the quality of design, innovation in residential products, and the provision of living patterns that keep pace with the aspirations of Saudi families. The equation is paved to achieve the goal of Vision 2030 by raising the percentage of citizens’ ownership to 70% through a more transparent and sustainable market.
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