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The KSA Real Estate Market: 2015 A Year In Review

In a background of lower oil prices and reduced government spending, this report highlights that the Riyadh market is maintaining steady performance, while Jeddah shows continued growth momentum.

Lower oil prices have put pressure on economic growth, liquidity, government budgets, the stock market and asset prices. This scenario has led to cuts in subsidies and reduced government spending and has also impacted the financing of real estate projects. A more selective approach can been seen, with an increased focus on critical infrastructure and affordable housing projects. On the other hand, there is reduced spending on less urgent projects, resulting in delays or scaling back of many projects.

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pdf | 902094