Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Rise in house rents  Join our daily free Newsletter

MENAFN - Arab News - 11/04/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093502453 Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093502453 Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - Arab News) Hike in house rents is a big issue these days. It has become a serious issue as house rents have immensely been raised in recent years and the trend is likely to continue as there seems to be no check over it.

The house owners are issuing notices to tenants and demanding huge hikes in rents almost every year. The helpless tenants have no choice but to accept their demands. The owners are not bothered about the financial status or the income limitations of the tenants. They do not care about the inconveniences and miseries caused to the tenants. Their demands for exorbitant increase in rents have no justification. On query from tenants as to the reason for such exorbitant increase, they simply say it is being increased everywhere and they ask the tenants to look for other apartments if they are unable to pay.

This has made lives miserable for the tenants. Houses are not available in the city limits with reasonable rates. Low-income and middle-class people are suffering a lot due to this situation and are unable to cope with the situation.

I would like to request the authorities concerned to look into this serious problem, and put a check on the house rents. Also the employers/companies should consider this situation and increase housing allowance for their employees according to the current market rate.

 






  MENA News Headlines
May 22 2013US report urges action on intellectual property theft ,AFP
(MENAFN - AFP) A high-powered commission said Wednesday that intellectual property theft was costing the United States the equivalent of all its exports to Asia and urged a tougher approach to ...

May 22 2013Experts favor US approval of Merck sleeping pill ,AFP
(MENAFN - AFP) An independent panel of experts on Wednesday recommended US approval of a new Merck sleeping pill called suvorexant, but expressed concerns over the highest dosage and risks of ...

May 22 2013Poland claims world's first life-saving face transplant ,AFP
(MENAFN - AFP) Polish doctors carried out the world's first life-saving face transplant, the centre's spokeswoman said Wednesday, weeks after a 33-year-old man was disfigured by a machine in a ...

May 22 2013Google boss says company is doing 'right thing' on tax ,AFP
(MENAFN - AFP) Google boss Eric Schmidt insisted Wednesday his company was trying to do the "right thing" as it faces criticism in Britain over the amount of tax it pays, saying it was for ...

May 22 2013Canada lifts ban on gay men donating blood ,AFP
(MENAFN - AFP) Canadian health authorities lifted Wednesday what was effectively a ban on gay men giving blood, announcing new rules making men who have not had sex with men in the past five years ...

May 22 2013SARS-like virus claims new life in Saudi ,AFP
(MENAFN - AFP) A man who had contracted the coronavirus has died in Saudi Arabia, raising the death toll in the kingdom from the SARS-like virus to 17, the health ministry announced on its website ...

May 22 2013AIDS scientists optimistic of AIDS cure, for some ,AFP
(MENAFN - AFP) Top AIDS scientists were optimistic Wednesday of finding a cure for the disease that has claimed 30 million lives -- but said it might not work for all people. The experts have high ...

May 22 2013Swiss take a step to unlocking mystery of ageing ,AFP
(MENAFN - AFP) Swiss researchers said Wednesday that they had taken a step closer to unlocking the mystery of ageing after discovering the impact of a longevity gene in mice and then managing to ...

May 22 2013Concept flu vaccine may protect against many strains ,AFP
(MENAFN - AFP) Scientists unveiled a concept vaccine against flu Wednesday they said may protect against various strains with a single jab. Tested in ferrets, considered good human models, the ...

May 22 2013Muslim imams pray at Auschwitz for Holocaust dead ,AFP
(MENAFN - AFP) Muslim leaders from across the globe knelt in prayer for the Holocaust dead at the Auschwitz's notorious Wall of Death on Wednesday, in an emotional visit to the Nazi German death ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help