This statistic describes the expectations of real estate professionals on the increase of building material and construction prices through the "white land tax" law in Saudi Arabia in 2016. A 20 percent share of respondents did not expect the new law to increase the price of building materials and construction in Saudi Arabia.
Expectations of real estate professionals on the increase of building material and construction prices through the "white land tax" law in Saudi Arabia in 2016*
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 building material and construction prices."
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 on the increase of building material and construction prices through the "white land tax" law in Saudi Arabia in 2016* [Graph]. In Statista. Retrieved September 20, 2024, from https://www.statista.com/statistics/680542/saudi-arabia-increase-in-building-material-and-construction-prices-due-to-white-land-tax/
EY. "Expectations of real estate professionals on the increase of building material and construction prices through the "white land tax" law in Saudi Arabia in 2016*." Chart. June 21, 2016. Statista. Accessed September 20, 2024. https://www.statista.com/statistics/680542/saudi-arabia-increase-in-building-material-and-construction-prices-due-to-white-land-tax/
EY. (2016). Expectations of real estate professionals on the increase of building material and construction prices through the "white land tax" law in Saudi Arabia in 2016*. Statista. Statista Inc.. Accessed: September 20, 2024. https://www.statista.com/statistics/680542/saudi-arabia-increase-in-building-material-and-construction-prices-due-to-white-land-tax/
EY. "Expectations of Real Estate Professionals on The Increase of Building Material and Construction Prices through The "White Land Tax" Law in Saudi Arabia in 2016*." Statista, Statista Inc., 21 Jun 2016, https://www.statista.com/statistics/680542/saudi-arabia-increase-in-building-material-and-construction-prices-due-to-white-land-tax/
EY, Expectations of real estate professionals on the increase of building material and construction prices through the "white land tax" law in Saudi Arabia in 2016* Statista, https://www.statista.com/statistics/680542/saudi-arabia-increase-in-building-material-and-construction-prices-due-to-white-land-tax/ (last visited September 20, 2024)
Expectations of real estate professionals on the increase of building material and construction prices through the "white land tax" law in Saudi Arabia in 2016* [Graph], EY, June 21, 2016. [Online]. Available: https://www.statista.com/statistics/680542/saudi-arabia-increase-in-building-material-and-construction-prices-due-to-white-land-tax/
