Saudi land tax will shake up property sector
The government is attempting to address housing shortages with a radical new land tax
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In this article
- Underlying factors
- Growing population
- Lack of housing supply
- Land shortages
- New leadership, new policies
- Supply side hurdles
- Building costs
- Local expertise
- Lack of data
- Demand-side hurdles
- Youth unemployment
- Falling household income
- Limited mortgage availability
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