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Increase in land transactions through the white land tax in Saudi Arabia 2016

This statistic describes the expectations of real estate professionals on the increase of land transactions through the "white land tax" law in Saudi Arabia in 2016. A 25 percent share of respondents did not expect the new law to increase the transactions of land in Saudi Arabia.

Expectations of real estate professionals on the increase of land transactions through the "white land tax" law in Saudi Arabia in 2016*

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Source

Release date

June 2016

Region

Saudi Arabia

Survey time period

January 2016

Special properties

Real estate developers, investors, government bodies and other real estate professionals

Supplementary notes

* Original question: "Do you agree or disagree with the anticipated impact of the following related issues upon the implementation of the new law? - Increase in land transactions"

This survey was conducted to understand the reaction and sentiments of professionals in the real estate industry in Saudi Arabia regarding the newly introduced 'White Land Tax" law, as part of the governments 2030 agenda. The law is meant to tax unused land and plots in the urban areas of Saudi Arabia at a 2.5 % rate of their value, to encourage the development of more residential units to combat the housing shortage.

The report does not include the details of the survey.

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