Al-Marsad Newspaper: The specialist in investment and real estate finance, Engineer Ibrahim Al-Sahn, clarified the need to get rid of abnormal data when taking data from real estate transactions in the event of high or low prices.
He said during an intervention with the “Al-Ikhbariya” channel, at the time of the rise and real estate activity that we are witnessing today and began about two or two and a half years ago. A mortgage with a certain party, or it is in old sales with heirs, and some procedures or judicial matters are needed.
He continued, therefore, the sale or transaction may not have taken place at today’s prices, but it may have taken place a long time ago, and today the conditions are created for its implementation, and this is supposed to be taken into account and described in statistics with abnormal data.
meters for 21 thousand riyals
He added, those interested in the real estate market should take the data of the transactions that took place during the 3 months and look at most of the deals and filter them from the abnormal data in the event of an increase or decrease.
He concluded by saying, today in Malaga, I found implementation at a price of 21 thousand riyals per square meter in a residential land on which a property is built, and it seems that there is a special status for this property, so I do not say that the price per square meter is 21 thousand because this is illogical for real estate prices in the market.
Video | Specialist in investment and real estate finance, Engineer Ibrahim Al-Sahn: Those interested in the real estate market should take the data of the transactions that took place during the 3 months, look at most of the deals and filter them from the abnormal data in the event of an increase or decrease#real estate _ stock exchange #news pic.twitter.com/hGf2vM27EP
– News – Economy (@ekhbariya_eco) August 10, 2022
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