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Saudi- Real estate prices expected to drop this year

Posted on 14 January 2013

The increasing real estate prices will decline in 2013, Ayed Al-Qahtani, head of the Real Estate Committee in the Eastern Chamber, told a local newspaper.During a symposium on real estate in Dhahran last week, Al-Qahtani said that real estate prices in some areas of the Kingdom rose during the past four years by 150 percent. The Saudi market overcame all the consequences of the global crisis of 2008.
“This gave way to a great confidence in the country’s real estate market,” he said………………………………………..Full Article: Source


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