Recently published research from Business Monitor International, "Saudi Arabia Real Estate Report 2015", is now available at Fast Market Research
[USPRwire, Tue Sep 29 2015] With governmental policies facilitating market access for international investors, the relatively high sector returns are increasingly attracting foreign investors. While the commercial real estate sector in the office and retail segments is characterised by oversupply, growing demand will help close this gap and help enable room for new projects.
The increasing opening of the Saudi Arabian market is likely to lead to growing investment flows into the country. While one of the largest markets in the region, it has remained largely undeveloped due to regulatory restrictions. Thus, the market provides ample business opportunities which are likely to be taken especially as the government is eager to move away from the high oil-dependence of the economy. This trend is likely to accelerate as oil prices continue to fall and foreign investors are granted increasing rights of ownership and financial incentives.
Weaning the country off its dependence on hydrocarbons exports should ultimately prove beneficial in terms of growth of new industries such as financial services and petrochemicals production. Indeed, forecast long-term demand for commercial and industrial space has started to attract increased interest from foreign developers and investors. 2014 saw several international firms, including the China-based Shenhua Group and China Communications Construction Company as well as India-based Kalliyath Steel agree to collaborate with Gammon Group to build a new industrial city in Jazan. The outlook for commercial rental rates and net yields over 2015 is therefore generally favourable across much of the market. However, heavy oversupply in some areas of the country, such as the capital, Riyadh, will remain a key concern for landlords, particularly with a strong pipeline of development activity anticipated over the coming months.
The Saudi Arabia Real Estate Report features BMI Research's market assessment and independent forecasts of major construction projects in the residential and commercial markets, plus rental prices and yields in major cities. The report critically analyses the prospects for real estate within the broader economic and financial context - both domestic and global - via our econometrically-modelled and clearly explained banking and economic forecasts and follows this through to evaluate the implications for REITs.
BMI's Saudi Arabia Real Estate Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the real estate industry in Saudi Arabia.
Key Benefits
* Benchmark BMI's independent real estate industry forecasts for Saudi Arabia to test other views - a key input for successful budgeting and strategic business planning in the Saudi real estate market.
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