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S.Arabia: Enormous demand pushing up real estate prices

Posted on 19 May 2011

Recent announcements of new home finance schemes have helped lift real estate prices in the Kingdom, Injaz Managing Director Omar Abdullah Al-Kadi said on Wednesday. “The supply is limited and the demand is enormous,” he said.
Al-Kadi also said land prices were rising because of the demand created by new home finance schemes. He indicated that the recent royal decrees had strengthened the real estate sector……………………………………….Full Article: Source


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