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Real estate VAT exemption in Saudi Arabia boosted 2020 market activity
Saudi Arabia’s decision to exempt real estate transactions when it increased value-added tax (VAT) last year to 15 percent helped to boost residential market activity. The residential market witnessed a 1.6 percent increase in Riyadh apartment-sale prices, a 2 percent decrease in Jeddah prices, and a 0.8 percent rise in…
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