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“Why are real estate prices still high in Al-Khair neighborhood despite lack of services and infrastructure?”

Al-Marsad Newspaper: Dr. Majed Al-Rukban, a specialist in real estate strategic leadership, said that prices are still high in the “Al-Khair neighborhood” in Riyadh.

He added, during his appearance on Al-Ikhbariya channel, that Al-Khair neighborhood has been famous for real estate speculation for many years, in contrast to practices that are not beneficial to the real estate sector, which caused a continuous increase in prices.

And the specialist continued, that the large part of Al-Khair neighborhood lacks services and infrastructure, and despite this, real estate prices are still high.

He concluded his remarks that as a result of the state of stagnation in the market and the change in interest rates and others, we will witness a correction process for some neighborhoods, including Al-Khair neighborhood.


2023-05-10 17:28:24
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