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Saudi Arabia Housing Market on the Fast Track
Apr 20, 2010
As per our recent report “Saudi Arabia Housing Sector Outlook’’, with huge potential, Saudi Arabia has become a focal point for major real estate investors, contractors, suppliers and other related businesses in the GCC region. Despite the deep economic slump, the Kingdom continues to attract massive investments and remains a favored destination for real estate developers around world. The real estate investment is expected to touch around US$ 300 Billion in 2010, up by nearly 50% from 2009. Residential real-estate will account for the majority of investments.
Though the Kingdom has witnessed huge developments in the housing construction market in the past few years, the housing market still suffers from large demand-supply gap on rapid expansion of expatriate population along with domestic population and declining household size. Moreover, majority of Kingdom’s populace does not have their own houses and live in rented houses. Resultantly, Saudi Arabia will need to construct over 1.5 Million new housing units by 2013. The demand could further escalate if the mortgage law to ensure easy financing gets through in the country's legislature.
The research report provides extensive research and objective analysis on the growing Saudi Arabian housing industry, its components, and supporting financing structure. This report helps clients to analyze the factors critical to the success of housing industry in the Kingdom. We have also identified all the key players in the Competitor Analysis section of the report. The section talks about the business profile and strategic moves of the leading players operating in the sector.
“Saudi Arabia Housing Sector Outlook” discuses all the important future housing projects and expected annual housing demand for next four years based on the correlation between past market growth and growth in base drivers, such as household size, disposable personal income, government support and growth in population without their own houses. In this way, the detailed data and analysis help investors, financial service providers and global real estate players navigate through the latest trends in the Saudi Arabia housing industry.
For more information visit: http://www.rncos.com/Report/IM213.htm
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