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Based on the current global situation due to the Covid 19 pandemic, what do you think...


Based on the current global situation due to the Covid 19 pandemic, what do you think the effect of this pandemic to the overall real estate market performance in Saudi Arabia
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Answer #1

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  • Purchasing decisions in real estate market may be put off due to the " psychological effect " of coronavirus despite falling interest rates
  • Saudi Arabia's Ministry of Investment of Saudi Arabia has establishes a dedicated COVID-19 Response center to support business continuity and mitigate negative impacts on this sector. Nearly $106 mn had been allocated to support the profits of subsidized real estate contracts.
  • The kingdom is facing the current global crisis from a position of strength, although all the investments in real estate have been lower
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