Policies to boost Saudi homeownership to help lower property prices in 2021: Jadwa Investment

Riyadh city

The implementation of policies to increase homeownership of Saudis contributed to the decline in property prices, Jadwa Investment said in a recent report.

These policies will continue to push prices down for the rest of this year.

Meanwhile, the consultancy expected inflation to remain at high levels over the next few months due to a combination of lower pre-valued-added tax (VAT) and gradual recovery in aggregate demand.