Mortgage Law to Boost Saudi Arabia Housing Market

According to our new research report "Saudi Arabia Housing Sector Outlook", Saudi Arabia has the largest real estate market in the GCC, with more commercial (office, retail, and residential) floor space than all the other GCC countries combined. However, the Kingdom has a shortage of owner-occupied residential housing, particularly at the lower end of the income scale. The Kingdom’s residential sales prices are currently considerably below than other GCC markets. As per our estimates, the Kingdom’s housing demand will grow at a CAGR of around 18% during 2010-2013.

 

As per our research, recovery of oil prices, continuous government stimulus, and gradual relaxation of bank lending are some of the important factors fueling growth in the Kingdom’s residential real-estate market. Moreover, the introduction of a new mortgage law will transform the market enabling increase in supply, quality of construction, and transparency. Besides, various other strong fundamental drivers discussed and analyzed in the report will enable this industry to sustain its upward growth trend in the coming years.

 

Further, our report states that due to the growing needs of a large young population, the housing market in Saudi Arabia has shifted its focus from palaces and luxury villas to the needs of a changing society. The market is witnessing greater demand for affordable housing compare to traditional villas. The rapidly growing population and increasing number of married couples in search of affordable entry-level housing will fuel the demand for affordable housing in the Kingdom.

 

Our report “Saudi Arabia Housing Sector Outlook", is an outcome of extensive research and thorough analysis of the growing housing industry in Saudi Arabia. The report includes forecast for key real estate segments, such as real estate finance, housing demand to present a better understanding of the Saudi Arabian housing industry. It has also identified key players in the market and included their detail business description and their recent activities. Most importantly, the report also provides future forecast on the industry based on correlation of past drivers, challenges, and opportunities for expansion. Besides, the report sheds light on the emerging industry trends, which are expected to decide the future of the Kingdom’s housing sector.

For more information visit: http://www.rncos.com/Report/IM213.htm