In Saudi Arabia, the cost of flats and villas has gone up. Apartment prices increased by 11% and villa prices by 6% in cities like Riyadh. The numbers are from the previous year.Between 2023 and 2025, the percentage of homebuyers decreased from 40% to 29%. The price increase is the cause of the decline. Additionally, the statistics show that the nation's rent-paying population has grown.
The aim of the government's programs is to acquire 70% of the population. This includes the construction of 1,15,000 homes over the course of the following six years. There are other programs that allow foreigners to become owners.There are other programs that allow foreigners to become owners. Additionally, laws pertaining to foreigners purchasing land in Makkah and Madinah were loosened. Apartments and villas will be offered at reduced rates as part of the effort to increase affordability.
