Saudi property market leaps back to life with rising mortgage activity
- Date: 06-May-2021
- Source: Zawya
- Sector:Real Estate
- Country:Saudi Arabia
Saudi property market leaps back to life with rising mortgage activity
Saudi Arabia’s property market is showing the first signs of recovery post COVID-19, with mortgage activity increasing by 38 percent in the 12 months to February 2021.
A decision to exempt real estate transactions from 15 percent VAT helped to boost activity in the residential market, according to Knight Frank’s Saudi Arabia Real Estate Market Review Q1 2021.
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