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*
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Share of respondents
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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.
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EY. (June 21, 2016). 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* [Graph]. In Statista. Retrieved July 23, 2024, from https://www.statista.com/statistics/680552/saudi-arabia-government-streamlining-real-estate-development-opinion/
EY. "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*." Chart. June 21, 2016. Statista. Accessed July 23, 2024. https://www.statista.com/statistics/680552/saudi-arabia-government-streamlining-real-estate-development-opinion/
EY. (2016). 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*. Statista. Statista Inc.. Accessed: July 23, 2024. https://www.statista.com/statistics/680552/saudi-arabia-government-streamlining-real-estate-development-opinion/
EY. "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*." Statista, Statista Inc., 21 Jun 2016, https://www.statista.com/statistics/680552/saudi-arabia-government-streamlining-real-estate-development-opinion/
EY, 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* Statista, https://www.statista.com/statistics/680552/saudi-arabia-government-streamlining-real-estate-development-opinion/ (last visited July 23, 2024)
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* [Graph], EY, June 21, 2016. [Online]. Available: https://www.statista.com/statistics/680552/saudi-arabia-government-streamlining-real-estate-development-opinion/
