Saudi Real Estate Companion
| Author | H.E. Mueller & A.D. Williams |
|---|---|
| Country | United States |
| Language | English |
| Genre | Business |
| Published | 31 March 2016 |
| Publisher | Booktango |
| ISBN | 9781468968934 |
Saudi Real Estate Companion is a book edited by H.E. Mueller and A.D. Williams. It focuses on bringing international standards to the market through a focus on all aspects of a standard real estate cycle[1].
Overview
It is one of the first non-Arabic language books covering Saudi real estate.The book attempts to address a large range of topics covering the best ways to approach real estate investment, marketing, development and valuations. These are approached in a way as to introduce many advanced techniques to the reader using standard (non-technical) language.
The work is divided into seven key sections:[1]
- Valuations; covering the basis of valuing different asset types for investment and self-ownership purposes in the Kingdom
- Market Skills; covering buying and selling properties and examples of real estate fraud and scams to be avoided
- Development and feasibility; which covers feasibility and best use studies as well as project financing as well as advanced Saudi Real estate market issues
- Property and Facility management; covering details of day to day property management and risk reduction
- Trading and investment; covering a wide range of Saudi specific investment issues and different trading strategies that can be adopted in the Kingdom
- Economic Issues and Real Estate; this section covers the macro-economic issues impacting the Saudi real estate market as well as real estate cycles in the kingdom
- Market and Geographic commentary; considered specific areas in the Kingdom focusing on districts and sectors that are likely to have good potential in each of the major cities such as Riyadh, Jeddah, Eastern Province etc.
Real Estate Cycle
The authors dedicated a significant portion to rel estate cycles in Saudi Arabia with a focus on historic, economic and psychological factors. At the same time they highlighted the key factor impacting the market as follows:
Oil price fluctuations can make the Saudi property cycle more exaggerated as oil price despite general overall stability over the past few years, can suddenly breakout of its typical range as was seen recently. The current weakness in oil prices which appear to have lasted beyond what was expected, is having an impact on government spending and will in turn impact the real estate market.
However it should be noted that the author denied that this is the case.[2]
References
- 1 2 Mueller, H. E.; Williams, A. D. (2016-04-04). Saudi Real Estate Companion: Essential Real Estate Skills for the Saudi Arabian Market. Booktango.
- ↑ "AD Williams (@ADwilliamsinKSA) | Twitter". twitter.com. Retrieved 2017-05-30.