Al-Marsad Newspaper: A content maker and an interest in real estate affairs revealed, in a video clip he posted on “Tik Tok”, that real estate in Riyadh decreased by 10% to 40%.
He said, “I was on a tour to see some real estate sites in Riyadh, and we received some messages from real estate offices stating that it is true that there has been a decrease in real estate from 10% to 40% in some sites, especially those who need to sell for cash.”
And he added: “Do not think that whoever has real estate will sell it cheap and at a 100% decrease. You will not take the thing for free. Of course, this is impossible, because he is an expensive buyer who did not buy for free.”
And he continued: “The owner of the real estate, if he does not need the cash, does not sell unless he gets a price he is satisfied with, or he vacates the property and develops it.”
He added, there is important real estate information for those who want to buy a property, whether it is a villa, an apartment, or a land.
And he continued, “Do not blame the seller, because if the seller came through the bank, he would tell you that I am selling to the bank, and the bank will tie me up for 3 months, and also there are administrative fees paid to the bank, and other things, so I tell you to buy cash and see how the cash will speak.”