Saudi Arabia Housing Demand Set to Grow at 18% CAGR

According to our research report “Saudi Arabia Housing Sector Outlook”, Saudi Arabia has been continuously attracting massive investments and remains favored destination for real estate developers around the world. Despite the 2008 economic turmoil, the Saudi housing industry witnessed remarkable growth opportunities and became the fastest growing housing industry in the Middle Eastern region.

 

As per our report, the affordable housing sector accounts for majority of the share in the Kingdom’s housing sector, whereas demand for villas is almost negligible.  Further, we expect that with recovering oil prices, continued government stimulus, and gradual relaxation of bank lending, the residential real estate market in the kingdom will surge at a tremendous rate. As per our estimations, the annual housing demand is expected to grow at a CAGR of around 18% during 2010-2013.

 

According to our report, the demand for housing in the kingdom could further escalate, if the mortgage law is approved by the country's legislature. This law will ensure easy financing of the retail housing purchases. It is expected that the new mortgage law earmarked for the Kingdom will significantly boost the activity in the Kingdom's construction industry.

 

Besides, the report analyzes factors critical to the success 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. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the Kingdom’s housing sector.

 

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.

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