House and apartment rental decreasing after expat levy fee


House rent is reporting decrease again by 15% before June this year in Saudi Arabia. It is because the expatriates who stay after 2017 expat levy fee (Family dependent fees) are starting preparing to leave before June/July-2018 in order to avoid the double dependent fee.
Room and House rents decreasing KSA
Room and House rents decreasing KSA

There are some condition where Expat levy fee to cancel, follow no family dependent fee in Saudi Arabia if...

Every city apartment filled with expatriates family and even one room hard enough to get back in 2017. But due to a bad financial situation, more expats are exiting the country to avoid the extra cost that is going out of their budget circle. House and apartment are getting empty with no customers. If the price is a little high then no chance to fill the building as other competitors are lowering the price to avoid high vacant value.

Imposing the family dependent fees, the most of expat who residing their family in Saudi Arabia is start preparing to send their family on final exit. Similarly, employers are also imposing family dependent levy fees on expatriates. Where only employees are going to pay but not their sponsor or employer. Companies cost of expat employees getting high increment every year and can't afford the extra cost of employee families.

The rich oil known as black money is going with no cash and start collecting the tax, rising gasoline, and 5% VAT tax to cover the expenditure of the Kingdom. Saudi Arabia current financial situation is no more like 5 years ago. Check and pay family dependent fees.

Most of the people get stuck during last year expat levy implementation as it found to pay first and for the whole year till Iqama expiry date. Some were unable to pay from their pocket and expenses in thousands and no partial payment plan. All need to pay the one-time deposit via bank. Learn more about the family fee and payment.



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HowGear: House and apartment rental decreasing after expat levy fee
House and apartment rental decreasing after expat levy fee
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