Land prices likely to fall by up to 40%

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Real estate investors expect the royal decree issued by Custodian of the Two Holy Mosques King Salman to allocate SR20 billion for supporting electricity and water projects in planned districts will lead to a 40 percent drop in the prices of residential plots in Al-Ahsa by mid-2015, Alsharq daily reported. Realtor Nabeel Al-Fowzan expects the planned residential districts in Al-Ahsa to benefit from the royal decree. Real estate prices will likely drop by more than 30 percent by mid-2015," he said.

أكثر... (https://en-maktoob.news.yahoo.com/land-prices-likely-fall-40-085303584.html)