Mon, Sep 22, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Mortgage, Research more

Saudi mortgage sector to reach SR904bln in 10 years

Posted on 30 May 2011

In anticipation of the Saudi mortgage law being approved this year, Credit Suisse forecast in a study that 52 percent of Saudi households pass the affordability threshold/test, and 17 percent would be potential mortgage seekers (average income of mortgage seekers will be SR11,160).
It further said the overall size of the mortgage sector could amount to as much as SR904 billion or 23 percent of GDP in 10 years, with our base case assumption at 16 percent of GDP (up from 1 percent currently), estimating “sector penetration to reach 10 percent of GDP in 5-6 years, growing at a 5-year CAGR of 46 percent.”………………………………………Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930