Saudi Arabia Real Estate Q4 2019
Rising supply continues to place downward pressure on income-producing assets in the office and retail segments in2019, with this trend expected to continue well into 2020. A robust development pipeline will put pressure on rental costs; however,this will be less evident in the prime-end of the market. Industrial rent will continue with a stable trajectory owing to a balance indemand-supply. Regional market pressures and rising global interest present headwinds to the sector, and we may see a further dipin rent before prices bottom out. However, the situation is set to improve over the long term, owing to initiatives by the Saudigovernment to stimulate economic activity in line with Vision 2030.
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