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Saudi mortgage law to boost property sector

Posted on 11 November 2010

From Zawya.com: The enforcement of the long-awaited mortgage law in Saudi Arabia will give a strong boost to the real estate sector but its impact is expected to take time, a key Saudi bank said on Tuesday.
The absence of a clear mortgage law framework to govern property ownership, property repossession, forced eviction and asset liquidation in the case of delinquency has been a key deterrent for banks in expanding lending in this segment, Banque Saudi Fransi (BSF) said……………………………………….Full Article: Source

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