Tayseer Al-Mufarrej, Director Common of Strategic Communications and the official spokesman for the Common Actual Property Authority
Tayseer Al-Mufarrej, Director Common of Strategic Communications and the official spokesman for the Common Actual Property Authority, confirmed that there’s at present no examine to use the statutory provisions relating to hire stabilization (which had been imposed in Riyadh) to the remainder of the Kingdom’s areas.
Al-Mufarrej added on his account on the
He identified that the soundness of rental costs and the stability of provide and demand out there help the market’s skill to realize a sustainable value stability, with out the necessity to impose new controls.
In response to knowledge numbersThis clarification got here after Al-Mufarrej’s statements to Al-Arabiya Internet yesterday, by which he indicated that the authority intends to review increasing the implementation of the hire stabilization determination to incorporate all areas of the Kingdom for a interval of 5 years.
