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S.Arabia: Real estate prices seen up on spending, new laws

Posted on 30 May 2011

A report prepared by “KFHR” Kuwait Finance House Research Ltd. disclosed expectations about further increase in real estate prices in Saudi Arabia, especially residential and office real estate properties during the upcoming period. The report explained that the government increased spending while government other policies seem to address the gap between supply and demand.
The increase is also attributed to the rapid adoption of new legislations, regulations, and procedures; notably the mortgage law, which will provide a direct driving force to the real estate sector after approval by the Government of the Custodian of the Two Holy Mosques……………………………………….Full Article: Source


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