• Saudi Arabia: housing development expectations from the white land tax 2016

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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*

	Share of respondents
-	-
-	-
-	-

Source

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Release date

June 2016

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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: "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.