Villas sales fell 38.6% in Saudi Arabia during the 11 months - Property News - real estate tips
Discouraged Saudi real estate market since the start of the second week of full mandatory application of the rules and regulations of the funding, it may be too early at the moment certainly rule on whether or not to be affected, and that the degree of vulnerability, despite the recession flipkey that started before applying the regulations earlier this month.
And will make sure in the weeks or even two months vulnerability or not, a period heavily by numerous of monitoring indicators of different domestic and foreign factors, distributed among the control effect and regulations of the funding by the systems, and another control fluctuations in the price of oil globally side, as it has a very important impact on the inflows to the economy, and the fact that these flows are the most important provider of levels of government flipkey spending in the national economy, and the strength of its impact on domestic liquidity levels, except flipkey for the rest of the factors involved approve the imposition of duties on land within the urban boundary, and the state of anticipation that goes on at the time the pan members of the community (supporter her, shows her) according to the vision very foggy, flipkey being a strategic decision would have a great impact on market activity, whether it is approved or rejected at all!
The real estate market indicators have shown since the beginning of this year variation in trends, while sales rose in the residential sector with regard to agricultural land, homes, apartments and land plots for the period since the beginning flipkey of the year until the end of last week, compared to the same period last year, growth rates were in the order of 11.8 per cent and 72.8 per cent and 19.0 per cent, and 3.5 per cent respectively, were offset by a decline flipkey from the same period for each of the residential buildings and villas, was attributed to 23.7 per cent and 38.6 per cent, and appeared outcome of all these variations slight growth in the number of residential properties sold during the period by about 3.7 per cent.
But given the developments of the last three months of the current year, and compared to the same period last year, the balance developments have tended to favor retreat, where rates of decline to rise for Bundy residential homes and villas to 37.1 percent, and more than 43.6 per cent, respectively, and capital growth for the rest of the items the other to calm the pace at rates lower than those achieved during the longest period since the beginning of the year.
This is due to the presence of stimuli and new factors on the market during the recent period, was referring to the most important at the beginning of the report (internal factors, external) and the other, and is expected to be a clearer picture clearly in the perspective of the coming weeks, which may extend to January (January 2015) or two months which followed at the latest, during which time Satkhallha flipkey clearer vision about the decision to impose duties on land within the urban boundary, flipkey and the Declaration of general government budget next fiscal year, in addition to the availability of more indicators and data described the impact of the application of the recent financing systems, flipkey the price of oil levels, and interpret The recent announcements by the Ministry of Housing, are all factors and variables are expected to drop their effects on the performance of the real estate market.
Reference was made in the last weekly report to the attainment of real estate and land prices to peak prices with mid-2014, and how it began to decline slightly proportions with the last two months of October (October) and November (November), coincided with the decline in the volume of transactions and the amount flipkey of sales on the whole, with the exception of apartments that have not yet show a decline in the number of sales, especially as the average prices did not rise during the last eleven months, more than 4.5 percent (the average price of apartments 583 thousand riyals).
While the decline flipkey was the largest proportions in the number of residential villas sold, which fell during the last eleven months, about 38.6 per cent, compared with a higher average prices in the Kingdom to have the highest number such as peak prices at around flipkey 1.9 million rials, posting a record annual growth exceeded 37.6 percent.
Price indices readings compared flipkey indicators sales volumes as they appear, that whenever prices rose at rates higher market saw a decline flipkey in sales volumes! Accordingly; look to the current period and the nearby next to focus on these two indicators, so that the price bubble burst signs that sales volumes flipkey and transactions begin to decline, flipkey to achieve price levels exceed purchasing flipkey power of individuals, although the period leading up to the explosion did not touch them real indicators flipkey confirm flipkey this command, as happened in the trading flipkey of land plots, which fueled its purely speculative in nature, but this speculation began to decline during the last two months, as shown by the last graph, which is reflected in the average price of a meter plots of land, falling during the past eleven months, compared with those of last year by about 23.2 percent, to settle at 510 riyals per square meter, compared with about 664 rials per square meter last year.
It can be said at this time of the real estate market age, that cracked prices after peaking bloated indicators, will make sure we return to the decline and its inability to achieve a further increase, decrease the number of unsold real estate! As can be seen from the foregoing that the highest peak price came in along with residential villas, quickly followed by a decline in the number of sales, and this behavior is the one who will witness the real estate market in general, or began seen since the beginning of October (last October), and as soon as shown by the market indicators in the weeks or the next few months, individuals can touch declines in price levels, which would be difficult to prove a decent reader than just monitor weekly changes here, what would be a spectator for him on the ground, and perhaps that is what is becoming clear to him actually for the prices of residential villas, which recorded a decline
Discouraged Saudi real estate market since the start of the second week of full mandatory application of the rules and regulations of the funding, it may be too early at the moment certainly rule on whether or not to be affected, and that the degree of vulnerability, despite the recession flipkey that started before applying the regulations earlier this month.
And will make sure in the weeks or even two months vulnerability or not, a period heavily by numerous of monitoring indicators of different domestic and foreign factors, distributed among the control effect and regulations of the funding by the systems, and another control fluctuations in the price of oil globally side, as it has a very important impact on the inflows to the economy, and the fact that these flows are the most important provider of levels of government flipkey spending in the national economy, and the strength of its impact on domestic liquidity levels, except flipkey for the rest of the factors involved approve the imposition of duties on land within the urban boundary, and the state of anticipation that goes on at the time the pan members of the community (supporter her, shows her) according to the vision very foggy, flipkey being a strategic decision would have a great impact on market activity, whether it is approved or rejected at all!
The real estate market indicators have shown since the beginning of this year variation in trends, while sales rose in the residential sector with regard to agricultural land, homes, apartments and land plots for the period since the beginning flipkey of the year until the end of last week, compared to the same period last year, growth rates were in the order of 11.8 per cent and 72.8 per cent and 19.0 per cent, and 3.5 per cent respectively, were offset by a decline flipkey from the same period for each of the residential buildings and villas, was attributed to 23.7 per cent and 38.6 per cent, and appeared outcome of all these variations slight growth in the number of residential properties sold during the period by about 3.7 per cent.
But given the developments of the last three months of the current year, and compared to the same period last year, the balance developments have tended to favor retreat, where rates of decline to rise for Bundy residential homes and villas to 37.1 percent, and more than 43.6 per cent, respectively, and capital growth for the rest of the items the other to calm the pace at rates lower than those achieved during the longest period since the beginning of the year.
This is due to the presence of stimuli and new factors on the market during the recent period, was referring to the most important at the beginning of the report (internal factors, external) and the other, and is expected to be a clearer picture clearly in the perspective of the coming weeks, which may extend to January (January 2015) or two months which followed at the latest, during which time Satkhallha flipkey clearer vision about the decision to impose duties on land within the urban boundary, flipkey and the Declaration of general government budget next fiscal year, in addition to the availability of more indicators and data described the impact of the application of the recent financing systems, flipkey the price of oil levels, and interpret The recent announcements by the Ministry of Housing, are all factors and variables are expected to drop their effects on the performance of the real estate market.
Reference was made in the last weekly report to the attainment of real estate and land prices to peak prices with mid-2014, and how it began to decline slightly proportions with the last two months of October (October) and November (November), coincided with the decline in the volume of transactions and the amount flipkey of sales on the whole, with the exception of apartments that have not yet show a decline in the number of sales, especially as the average prices did not rise during the last eleven months, more than 4.5 percent (the average price of apartments 583 thousand riyals).
While the decline flipkey was the largest proportions in the number of residential villas sold, which fell during the last eleven months, about 38.6 per cent, compared with a higher average prices in the Kingdom to have the highest number such as peak prices at around flipkey 1.9 million rials, posting a record annual growth exceeded 37.6 percent.
Price indices readings compared flipkey indicators sales volumes as they appear, that whenever prices rose at rates higher market saw a decline flipkey in sales volumes! Accordingly; look to the current period and the nearby next to focus on these two indicators, so that the price bubble burst signs that sales volumes flipkey and transactions begin to decline, flipkey to achieve price levels exceed purchasing flipkey power of individuals, although the period leading up to the explosion did not touch them real indicators flipkey confirm flipkey this command, as happened in the trading flipkey of land plots, which fueled its purely speculative in nature, but this speculation began to decline during the last two months, as shown by the last graph, which is reflected in the average price of a meter plots of land, falling during the past eleven months, compared with those of last year by about 23.2 percent, to settle at 510 riyals per square meter, compared with about 664 rials per square meter last year.
It can be said at this time of the real estate market age, that cracked prices after peaking bloated indicators, will make sure we return to the decline and its inability to achieve a further increase, decrease the number of unsold real estate! As can be seen from the foregoing that the highest peak price came in along with residential villas, quickly followed by a decline in the number of sales, and this behavior is the one who will witness the real estate market in general, or began seen since the beginning of October (last October), and as soon as shown by the market indicators in the weeks or the next few months, individuals can touch declines in price levels, which would be difficult to prove a decent reader than just monitor weekly changes here, what would be a spectator for him on the ground, and perhaps that is what is becoming clear to him actually for the prices of residential villas, which recorded a decline
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