{"id":93545,"date":"2025-01-20T00:00:00","date_gmt":"2025-01-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/20\/riyadhs-housing-options-are-getting-too-expensive\/"},"modified":"2025-01-20T00:00:00","modified_gmt":"2025-01-20T00:00:00","slug":"riyadhs-housing-options-are-getting-too-expensive","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/20\/riyadhs-housing-options-are-getting-too-expensive\/","title":{"rendered":"Riyadh\u2019s housing options are getting too expensive"},"content":{"rendered":"

Riyadh\u2019s ever-climbing property prices get international ink:<\/strong> Home prices in the capital are 81% higher than they were during the pandemic, with apartment prices up 56%, the Financial Times<\/a> reports, citing researchers at consultancy Knight Frank. An influx of youth migrating to the city is what\u2019s driving the increase in property prices, as young professionals relocate to Riyadh to benefit from new job prospects and social reforms. <\/p>\n

The surge in home prices threatens to upend government plans<\/strong> to achieve 70% Saudi home ownership by 2030, the FT said. The kingdom launched state-backed programs to address home affordability via subsidized loans and the construction of new housing units \u2014 including a push<\/a> by the National Housing Company to construct thousands of suburban units.<\/p>\n","protected":false},"excerpt":{"rendered":"

Property prices in Riyadh have surged 81% since the pandemic<\/p>\n","protected":false},"author":1,"featured_media":93546,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2561],"tags":[10,106,229],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-saudi-in-the-news","tag-enterpriseam-ksa","tag-real-estate","tag-saudi-in-the-news","wpautop","entry"],"acf":{"mongo_id":"a07e7988-a98b-43cf-963d-795f538554cd","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/979.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Riyadh\u2019s housing options are getting too expensive","related_issue":[93529],"teaser":"Property prices in Riyadh have surged 81% since the pandemic","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.329a2807-da64-430e-82d4-b8307f3e9ee1.mp3"},"yoast_head":"\nRiyadh\u2019s housing options are getting too expensive - 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