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Saudi developers delay property auctions after sales boom

Posted on 18 June 2012

Real estate development companies in eastern Saudi Arabia have postponed land auctions after the recent boom in real estate sales in the region, Abha-based Al Watan daily reports Saturday.
The market is saturated after the recent high level of sales, and needs time to absorb the extra liquidity, the daily quoted Saleh Al Dosari, a member of the real estate committee at the eastern province chamber of commerce and industry, as saying………………………………………..Full Article: Source


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