{"id":50500,"date":"2018-02-01T16:41:14","date_gmt":"2018-02-01T16:41:14","guid":{"rendered":"https:\/\/lovin.co\/jeddah\/en\/lifestyle\/reviews\/hotel\/rents-in-riyadh-are-expected-to-decrease-further-as-property-prices-fall\/"},"modified":"2018-02-01T16:41:14","modified_gmt":"2018-02-01T16:41:14","slug":"rents-in-riyadh-are-expected-to-decrease-further-as-property-prices-fall","status":"publish","type":"post","link":"https:\/\/lovin.co\/jeddah\/en\/riyadh\/rents-in-riyadh-are-expected-to-decrease-further-as-property-prices-fall\/","title":{"rendered":"Rents In Riyadh Are Expected To Decrease Further As Property Prices Fall"},"content":{"rendered":"<div class=\"c-adunit c-adunit--mpu\">\n<div id=\"mpu\" class=\"c-adunit__container\"> <\/div>\n<\/div>\n<p>Many have already seen rental prices fall around the country this year, but there is more to come as per a new report.<\/p>\n<p>According to the <em><a href=\"http:\/\/www.arabianbusiness.com\/news\/388939-riyadh-property-prices-fall-as-new-supply-contines-to-grow\">Arabian Business<\/a><\/em>, consultants JLL has said that a further decline in rents can be expected in Riyadh.<\/p>\n<h3>They have mentioned some of the main causes for this in their report amongst which includes the levy on dependents of expat workers.<\/h3>\n<p>&#8220;This resulted in some expatriates repatriating family members and relocating to smaller units and bachelor studios. Resulting in a general shift in the market from larger, family units (3 bedrooms), to smaller units. Demand will likely continue to weaken as the levy progressively increases over the next three years,&#8221; mentions the report.<\/p>\n<h3>JLL adds &#8220;The tax levy on expatriates could be restricting demand for rentals, as expatriates repatriate family members to avoid the levy.&#8221;<\/h3>\n<p>Despite rental prices falling new units are continuing to spring up in Riyadh, which is another cause for the decrease of rent and property prices in the city. According to the report, 2018 and 2019 are expected to see a supply of 20,000 and 19,000 new units respectively bringing the total residential stock of Riyadh to 1.2 million units.<\/p>\n<h3>Prices for apartments in the capital declined by 4% over the year. For villas, the decrease in prices stood at 5%.<\/h3>\n<p>The report also makes mention of the Jeddah property market. It notes that sale prices and rents have decreased in Jeddah in 2017, however, the rate of decline shows signs of stabilization.<\/p>\n<p>You can read the full report by JLL <a href=\"http:\/\/www.jll-mena.com\/mena\/en-gb\/research\/398\/jll-2017-year-in-review-report-for-ksa\">here<\/a>.<\/p>\n<div class=\"c-adunit c-adunit--mpu_mid\">\n<div id=\"mpu_mid\" class=\"c-adunit__container\"> <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"Many have already seen rental prices fall around the country this year, but there is more to come as per a new report. According to the Arabian Business, consultants JLL has said that a further decline in rents can be expected in Riyadh. They have mentioned some of the main causes for this in their &hellip; ","protected":false},"author":402,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[4450],"tags":[],"class_list":["post-50500","post","type-post","status-publish","format-standard","hentry","category-riyadh","pmpro-has-access"],"acf":{"legacy_image":"https:\/\/cloud.lovinsaudi.com\/images\/_relatedEntryImage2x\/83382300_l.jpg?mtime=20180201163920","legacy_full_image":"https:\/\/cloud.lovinsaudi.com\/images\/_featuredImage\/83382300_l.jpg?mtime=20180201163920 880w","legacy_meta_tags":"<title>Rents In Riyadh Are Expected To Decrease Further As Property Prices Fall - Lovin Saudi<\/title><meta name=\"description\" content=\"Many have already seen rental prices fall around the country this year, but there is more to come as per a new report.\nAccording to the Arabian Business, consultants JLL has said that a further decline in rents can be expected in Riyadh.\">\n<link rel=\"canonical\" href=\"https:\/\/lovinsaudi.com\/riyadh\/rents-in-riyadh-are-expected-to-decrease-further-as-property-prices-fall\">\n<!-- <link rel=\"amphtml\" href=\"https:\/\/lovinsaudi.com\/riyadh\/rents-in-riyadh-are-expected-to-decrease-further-as-property-prices-fall\/amp\">\n --><meta property=\"og:title\" content=\"Rents In Riyadh Are Expected To Decrease Further As Property Prices Fall\">\n<meta property=\"og:type\" content=\"article\">\n<meta property=\"og:url\" content=\"https:\/\/lovinsaudi.com\/riyadh\/rents-in-riyadh-are-expected-to-decrease-further-as-property-prices-fall\">\n<meta property=\"og:description\" content=\"\">\n<meta property=\"og:image\" content=\"https:\/\/cloud.lovinsaudi.com\/images\/83382300_l.jpg?mtime=20180201163920\">\n<meta property=\"og:image:width\" content=\"2508\">\n<meta property=\"og:image:height\" content=\"1672\">\n<meta name=\"twitter:card\" content=\"photo\">\n<meta name=\"twitter:site\" content=\"lovinsaudi\">\n<meta name=\"twitter:title\" content=\"Rents In Riyadh Are Expected To Decrease Further As Property Prices Fall\">\n<meta name=\"twitter:creator\" content=\"\">\n<meta name=\"twitter:description\" content=\"    Many have already seen rental prices fall around the country this year, but there is more to come as per a new report.\nAccording to the Arabian Business, consultants JLL has said that a further decline in rents can be expected in Riyadh.\n\">\n<meta name=\"twitter:url\" content=\"https:\/\/lovinsaudi.com\/riyadh\/rents-in-riyadh-are-expected-to-decrease-further-as-property-prices-fall\">\n<meta name=\"twitter:image\" content=\"https:\/\/cloud.lovinsaudi.com\/images\/83382300_l.jpg?mtime=20180201163920\">\n"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rents In Riyadh Are Expected To Decrease Further As Property Prices Fall<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lovin.co\/jeddah\/en\/riyadh\/rents-in-riyadh-are-expected-to-decrease-further-as-property-prices-fall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rents In Riyadh Are Expected To Decrease Further As Property Prices Fall\" \/>\n<meta property=\"og:description\" content=\"Many have already seen rental prices fall around the country this year, but there is more to come as per a new report. 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