The government, with participation from international bodies, is studying how to regulate the real estate market, which suffers from several negative phenomena that affect the various sectors, especially the investment units. <\/p>\n
Sources told Annahar the government is looking at making amendments to the ban on foreign ownership of real estate investment units, to mitigate the losses suffered by those units, due to the outbreak of the Corona pandemic, since the real estate investment sector lost much since the outbreak of the pandemic until now. <\/p>\n
The sources stated that the expected amendments will include the residence law for expatriates, adding that if these amendments are made, they will achieve a great recovery in the real estate sector. <\/p>\n
The sources indicated that the establishment of a public real estate authority is the need of the hour, as an investment in this sector has historically occupied a second place among the investment options available to local and foreign investors alike. <\/p>\n
The sources stressed that the legislative and legal amendments for the residence of expatriates must be different and attractive to the investor, noting that these amendments will help secure and occupy the investment real estate sector during the coming period.<\/p>\n","protected":false},"excerpt":{"rendered":"
The government, with participation from international bodies, is studying how to regulate the real estate market, which suffers from several negative phenomena that affect the various sectors, especially the investment units. Sources told Annahar the government is looking at making amendments to the ban on foreign ownership of real estate investment units, to mitigate the […]<\/p>\n","protected":false},"author":1,"featured_media":90491,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,18],"tags":[2472,2471,5704],"class_list":["post-90490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-local","tag-investment","tag-real-estate","tag-residence-law"],"yoast_head":"\n