Reduce land prices
Prices of most goods and services in the Kingdom is the lowest in the region and the world, as a natural result of the fact that Saudi Arabia's largest oil producer, and as a result of government support for the goods, no taxes or customs duties are high, as is the case in the countries of the region and the world, and the presence of a basket of incentives given to men business that is unmatched in all countries of the world, the kingdom is "the least in the world" in terms of real estate property registration fees amounting to zero in our country, and the least in the world in terms of the price of water and gasoline.
Thus most of the companies achieved record growth rates in the activities and raise profits, which makes some unjustified price, or evading the training and employment of sons and daughters of the nation, which gives them all these facilities, profits and reality deserve the harshest punishment.
My article today rises, "madness" that occurred in land prices in the cities of the Kingdom in recent years, which may continue to rise over the coming years with the increase in loans Real Estate Fund and the start of the activity and the Ministry of Housing, and the question is: Can the "state" limit or not.
In my view, "the state" can reduce the high price of land through the adoption or study or reflect on some of the following steps:
First, to expedite the implementation of the recommendation of the Consultative Council, which demanded the Ministry of Municipal and Rural Affairs to prepare a list of controls and organizes the necessary mechanism to impose annual fees to land the white lies within the range of urban (and transfer fees to the Ministry of Housing).
Second, study the possibility of the state collects zakat assessments religiously every year on land that targets owners traded and not housing, according to the guidelines set by the senior scientists and, for example, be imposed Zakat on the charts and "Alblkat" and not the person who owns a piece of land one.
Third, stop the granting of land with large areas of personnel and development of mechanisms for issuing grants through the development priorities of a fair and logical, so that it is granting large land development projects set up by the private sector, especially in less developed regions, such as hospitals and specialized training institutes and schools, but can include grants companies that are committed to the development of schemes in ways that model and build an integrated residential neighborhoods.
Fourth, the Ministry of Housing to make sure that the quest to provide housing for a small percentage of citizens will lead to further increases in land prices including exhausts most of the citizens (through several policies I will discuss in detail in a later article)
Fifth, reducing the real estate offices and streamlining of licenses in this area to reduce speculation, which sometimes occur in the territories.
VI: changing methods of land development and concepts, where is now any person who purchased the land of large and fragmented and asphalt streets and the delivery of some basic services, while applicable in many countries, a method is true that development is carried out through specialized companies are developing comprehensive plans and the construction of all facilities needed by the "neighborhood "Developer of schools, hospitals and places of entertainment and the provision of housing units varied spaces (that is the sale or rental of housing units affordable under state control).
Prices of most goods and services in the Kingdom is the lowest in the region and the world, as a natural result of the fact that Saudi Arabia's largest oil producer, and as a result of government support for the goods, no taxes or customs duties are high, as is the case in the countries of the region and the world, and the presence of a basket of incentives given to men business that is unmatched in all countries of the world, the kingdom is "the least in the world" in terms of real estate property registration fees amounting to zero in our country, and the least in the world in terms of the price of water and gasoline.
Thus most of the companies achieved record growth rates in the activities and raise profits, which makes some unjustified price, or evading the training and employment of sons and daughters of the nation, which gives them all these facilities, profits and reality deserve the harshest punishment.
My article today rises, "madness" that occurred in land prices in the cities of the Kingdom in recent years, which may continue to rise over the coming years with the increase in loans Real Estate Fund and the start of the activity and the Ministry of Housing, and the question is: Can the "state" limit or not.
In my view, "the state" can reduce the high price of land through the adoption or study or reflect on some of the following steps:
First, to expedite the implementation of the recommendation of the Consultative Council, which demanded the Ministry of Municipal and Rural Affairs to prepare a list of controls and organizes the necessary mechanism to impose annual fees to land the white lies within the range of urban (and transfer fees to the Ministry of Housing).
Second, study the possibility of the state collects zakat assessments religiously every year on land that targets owners traded and not housing, according to the guidelines set by the senior scientists and, for example, be imposed Zakat on the charts and "Alblkat" and not the person who owns a piece of land one.
Third, stop the granting of land with large areas of personnel and development of mechanisms for issuing grants through the development priorities of a fair and logical, so that it is granting large land development projects set up by the private sector, especially in less developed regions, such as hospitals and specialized training institutes and schools, but can include grants companies that are committed to the development of schemes in ways that model and build an integrated residential neighborhoods.
Fourth, the Ministry of Housing to make sure that the quest to provide housing for a small percentage of citizens will lead to further increases in land prices including exhausts most of the citizens (through several policies I will discuss in detail in a later article)
Fifth, reducing the real estate offices and streamlining of licenses in this area to reduce speculation, which sometimes occur in the territories.
VI: changing methods of land development and concepts, where is now any person who purchased the land of large and fragmented and asphalt streets and the delivery of some basic services, while applicable in many countries, a method is true that development is carried out through specialized companies are developing comprehensive plans and the construction of all facilities needed by the "neighborhood "Developer of schools, hospitals and places of entertainment and the provision of housing units varied spaces (that is the sale or rental of housing units affordable under state control).
