21.12.2012 - For expats in Riyadh, housing is costly and hard to find
The message boards of online expat forums in Saudi Arabia tell their own story: increasingly frantic inquiries from new arrivals looking for somewhere to live in a very tight market. “Help! I can’t find anywhere to live. All the housing managers just tell me their waiting lists are months and months long,” posted a British man seeking a home for his family. Expatriates moving to Riyadh, the capital of the Middle East’s largest economy, face long waits for places in housing compounds where rents have risen by more than 10 percent a year for the past four years, according to property consultants Jones Lang LaSalle...............................................Full Article: Source
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