From the Center
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Saudi Arabia’s Crown Prince Mohammed Bin Salman said he will try to halt an “unacceptable” increase in property prices, highlighting the kingdom’s concerns about a soaring real estate market and its impact on people’s living costs.
“The strong economic growth the kingdom is experiencing today has been accompanied by a rise in residential property prices in some areas of the kingdom to unacceptable levels,” the de-facto Saudi ruler said in a rare national address on Wednesday night.
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