17.01.2013 - Saudi Arabia: Real estate agents to blame for exorbitant rent hikes

Many real estate agents have called on authorities to regulate the activities of real estate offices and put an end to unreasonable increases in rent. They said unlicensed real estate offices are mainly responsible for the hikes. Some offices raise rent prices unreasonably and this in itself disrupts the stability of the real estate market because it makes potential tenants think twice before paying hefty rents...............................................Full Article: Source

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