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Independent body sought to evaluate Jeddah house rents

Posted on 08 November 2010

From Arabnews.com: Residents across Jeddah are calling for the authorities to form an independent body to evaluate house rents across the city in order to prevent landlords from unjustifiably increasing rents.
According to recent statistics, 15 percent of the monthly salaries of Saudi nationals go toward paying rent and that over 60 percent of people do not own their own homes. Real estate experts also revealed that many young Saudis look to own or rent small homes……………………………………….Full Article: Source


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