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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Saudi banks seen to exercise prudence in mortgage lending

Posted on 13 April 2010

From Saudigazette.com.sa: Although the Saudi real estate sector has been supported by domestic demand fundamentals in recent years, still the market remains undersupplied, particularly for middle and lower income communities, shielding it from selling pressures that have dragged down other Gulf real estate markets in the past year, Banque Saudi Fransi said in its report this month on the Kingdom’s real estate sector.
It noted that the stabilization and rise of prices in many parts of Saudi Arabia could signal real estate prices will continue to strengthen into 2010, although we expect any pick up in real estate demand will be muted and gradual………………………………..Full Article: Source

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