Support for government streamlining real estate developments in Saudi Arabia 2016

Published by Statista Research Department, Jun 21, 2016

This statistic describes the opinion of real estate professionals on how the government can help improve the upcoming increase in real estate developments in Saudi Arabia as of January 2016. A 97 percent share of respondents stated that the government should improve infrastructure to streamline the upcoming increase in real estate developments in Saudi Arabia.

Opinion of real estate professionals on how the government can help improve the upcoming increase in real estate developments in Saudi Arabia as of January 2016*

Characteristic	Share of respondents
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Release date

June 2016

More information

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: "In anticipation of an upswing in real estate developments, what do you suggest the Government or authorities need to do to streamline the process of developments?"

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.

PPP: public-private partnership

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