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Real Estate Briefing - Categorized | Market Moves, Mortgage more

Mortgage uncertainty slowing Saudi real estate market

Posted on 16 August 2010

From Arabianbusiness.com: Uncertainty over the introduction of Saudi Arabia’s mortgage law has led to a slowdown in the kingdom’s real estate market and has caused overcrowding in urban areas, according to a new report released on Sunday by real estate consultants CB Richard Ellis.

“Despite growing demand for housing, the ongoing and well documented failure to address the legal requirements of the kingdom’s mortgage sector has resulted in a slowdown in both lending and construction,” the CBRE report said…………………………………….Full Article: Source


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