This statistic describes the expectations of real estate professionals that the "white land tax" law in Saudi Arabia will have on housing developments as of 2016. A ten percent share of respondents expected that the law will stabilize housing developments within the next two or three years in Saudi Arabia.
Expectations of real estate professionals that the "white land tax" law in Saudi Arabia will have on housing developments as of 2016*
Real estate developers, investors, government bodies and other real estate professionals
Supplementary notes
* Original question: "What in your opinion will be the expected impact of the land tax on housing developments in the next two to three years?"
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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EY. (June 21, 2016). Expectations of real estate professionals that the "white land tax" law in Saudi Arabia will have on housing developments as of 2016* [Graph]. In Statista. Retrieved January 26, 2022, from https://www.statista.com/statistics/680506/saudi-arabia-expactations-on-housing-developments-due-to-the-white-land-tax/
EY. "Expectations of real estate professionals that the "white land tax" law in Saudi Arabia will have on housing developments as of 2016*." Chart. June 21, 2016. Statista. Accessed January 26, 2022. https://www.statista.com/statistics/680506/saudi-arabia-expactations-on-housing-developments-due-to-the-white-land-tax/
EY. (2016). Expectations of real estate professionals that the "white land tax" law in Saudi Arabia will have on housing developments as of 2016*. Statista. Statista Inc.. Accessed: January 26, 2022. https://www.statista.com/statistics/680506/saudi-arabia-expactations-on-housing-developments-due-to-the-white-land-tax/
EY. "Expectations of Real Estate Professionals That The "White Land Tax" Law in Saudi Arabia Will Have on Housing Developments as of 2016*." Statista, Statista Inc., 21 Jun 2016, https://www.statista.com/statistics/680506/saudi-arabia-expactations-on-housing-developments-due-to-the-white-land-tax/
EY, Expectations of real estate professionals that the "white land tax" law in Saudi Arabia will have on housing developments as of 2016* Statista, https://www.statista.com/statistics/680506/saudi-arabia-expactations-on-housing-developments-due-to-the-white-land-tax/ (last visited January 26, 2022)
