This statistic describes the opinion of real estate professionals on the main reason behind the "white land tax" law in Saudi Arabia as of January 2016. A 63 percent share of respondents stated that the government intended to reduce land value and developmental costs though this new law in Saudi Arabia.
Opinion of real estate professionals on the main reason behind the "white land tax" law in Saudi Arabia as of January 2016*
* Original question: "What in your opinion is the main driver behind this new law?
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 the main reason behind the "white land tax" law in Saudi Arabia as of January 2016* [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/680586/saudi-arabia-main-reason-for-the-white-land-tax-law-opinion/
EY. "Opinion of real estate professionals on the main reason behind the "white land tax" law in Saudi Arabia as of January 2016*." Chart. June 21, 2016. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/680586/saudi-arabia-main-reason-for-the-white-land-tax-law-opinion/
EY. (2016). Opinion of real estate professionals on the main reason behind the "white land tax" law in Saudi Arabia as of January 2016*. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/680586/saudi-arabia-main-reason-for-the-white-land-tax-law-opinion/
EY. "Opinion of Real Estate Professionals on The Main Reason behind The "White Land Tax" Law in Saudi Arabia as of January 2016*." Statista, Statista Inc., 21 Jun 2016, https://www.statista.com/statistics/680586/saudi-arabia-main-reason-for-the-white-land-tax-law-opinion/
EY, Opinion of real estate professionals on the main reason behind the "white land tax" law in Saudi Arabia as of January 2016* Statista, https://www.statista.com/statistics/680586/saudi-arabia-main-reason-for-the-white-land-tax-law-opinion/ (last visited November 21, 2024)
Opinion of real estate professionals on the main reason behind the "white land tax" law in Saudi Arabia as of January 2016* [Graph], EY, June 21, 2016. [Online]. Available: https://www.statista.com/statistics/680586/saudi-arabia-main-reason-for-the-white-land-tax-law-opinion/
