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Saudi housing supply-demand gap narrows

Posted on 26 October 2011

The gap between housing demand and supply in Saudi Arabia is narrowing as banks start to lend and government support boosts sector development, the director of Jones Lang LaSalle in Saudi Arabia said on Tuesday.

John Harris told the Reuters Middle East Investment Summit that housing supply in the biggest Arab economy had been restricted over the past three years, with investors and banks reluctant to invest in real estate projects after the global financial crisis………………………………………..Full Article: Source


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