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Skyrocketing house rent frustrates young men aspiring to get married

Posted on 22 March 2012

An exorbitant rise in rent prices in Jeddah has dashed the hopes of several young men who want to get married and have families. Speaking to Arab News, a number of young men, both Saudis and foreigners, said they find it very difficult to rent residential flats at a reasonable rate.
These youngsters claim greedy landlords have unreasonably hiked rent prices to the extent that they are unaffordable for most of them. This forced some foreigners to lease residential apartments and then share them. This happens at a time when Jeddah is facing an acute shortage of homes……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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