Saudi Arabia’s property market shows signs of post-Covid recovery

Saudi Arabia’s property market shows signs of post-Covid recovery

Saudi Arabia’s property market is showing signs of a post-Covid recovery on the back of a broader increase in business activity in the kingdom.

The residential market is benefitting from a number of factors including a recent decision to exempt property transactions from the 15 per cent value added tax rate and a booming mortgage market, consultancy Knight Frank said in its Saudi Arabia Real Estate Market Review.