JEDDAH — House rents will continue to dip till the end of the year and may further go down later, realtors and experts feel.

Experts expect the continuation of rental housing prices by 20 percent until the end of this year to reach lower prices than the current. They mentioned that the reasons could be the fees that family members of expatriates have to pay upon arrival as tourists or the fees imposed on white land and real estate stagnation and increased ownership, Madina daily reported.

Abdullah Al-Ahmari, chairman of the Jeddah Real Estate Appraisal Committee, attributed the 20 percent drop in residential rental prices to the decision of accompanying expatriate fees, which led many to leave and thus supply increased and demand lowered which led to decrease in prices.