تقرير: رسوم الأراضي البيضاء تضيف مئات الآلاف من الوحدات

A recent report revealed that the immediate impact expected in the first months after implementing the newly introduced white land fees in Riyadh is a sharp increase in the supply of large lands over 5,000 square meters, leading to a temporary price correction and a decrease in prices of undeveloped lands by 5-10% in some areas. The market will also witness an acceleration in subdivision requests and building permits, with a 20-30% rise in the number of transactions, especially in central neighborhoods, boosting immediate activity. Short-term price fluctuations may occur due to pressure for quick sales.

Regarding the medium-term impact between one to three years after the decision’s implementation, the “Century 21” report confirmed the expected transfer of ownership from long-term owners to active developers, boosting the growth of development partnerships by up to 40%, especially in residential and commercial projects, along with a gradual increase in housing supply, with expectations to add hundreds of thousands of units.

The report predicted an annual decrease of 5-10% in the average price per square meter of planned lands, with a shift in focus from speculation to actual development, which will stimulate the economy with new job opportunities in construction and finance, reduce real estate bubbles, and see growth in major government projects outside the included zones.

The report indicated that the fees will generate huge opportunities for acquisitions and alliances, with innovative financing structures such as joint loans. There will be an increase in projects, especially residential, boosting revenues by 25-30%. Real estate brokers and appraisers will experience higher activity in complex transactions, with increased demand for periodic professional valuations to determine market values, potentially raising the number of appraisals by 50% in Riyadh.

Regarding the fees’ impact on brokers and appraisers, the report showed that complex transaction activity will grow, with increased demand for periodic professional valuations to determine market values, potentially increasing the number of appraisals by 50% in Riyadh.

Impacts of White Land Fees: