This statistic describes the expectations of real estate professionals on the impact of the low oil price on the housing development in Saudi Arabia as of January 2016. A 20 percent share of respondents expected that the low oil price will stabilize the housing development in the near future in Saudi Arabia.
Expectations of real estate professionals on the impact of the low oil price on the housing development in Saudi Arabia as of January 2016*
Characteristic
Share of respondents
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* Original question: "What in your opinion will be the expected impact of low
foreseeable oil prices on housing 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.
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EY. (June 21, 2016). Expectations of real estate professionals on the impact of the low oil price on the housing development in Saudi Arabia as of January 2016* [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/680598/saudi-arabia-impact-of-low-oil-price-on-housing-development-opinion/
EY. "Expectations of real estate professionals on the impact of the low oil price on the housing development in Saudi Arabia as of January 2016*." Chart. June 21, 2016. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/680598/saudi-arabia-impact-of-low-oil-price-on-housing-development-opinion/
EY. (2016). Expectations of real estate professionals on the impact of the low oil price on the housing development in Saudi Arabia as of January 2016*. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/680598/saudi-arabia-impact-of-low-oil-price-on-housing-development-opinion/
EY. "Expectations of Real Estate Professionals on The Impact of The Low Oil Price on The Housing Development in Saudi Arabia as of January 2016*." Statista, Statista Inc., 21 Jun 2016, https://www.statista.com/statistics/680598/saudi-arabia-impact-of-low-oil-price-on-housing-development-opinion/
EY, Expectations of real estate professionals on the impact of the low oil price on the housing development in Saudi Arabia as of January 2016* Statista, https://www.statista.com/statistics/680598/saudi-arabia-impact-of-low-oil-price-on-housing-development-opinion/ (last visited July 27, 2024)
Expectations of real estate professionals on the impact of the low oil price on the housing development in Saudi Arabia as of January 2016* [Graph], EY, June 21, 2016. [Online]. Available: https://www.statista.com/statistics/680598/saudi-arabia-impact-of-low-oil-price-on-housing-development-opinion/
