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Real Estate Briefing - Categorized | Finance, Middle East and Africa more

Real estate bank needed to make housing affordable

Posted on 04 March 2013

People in the Kingdom tend to spend 40 percent of their salaries on rents and this amount even increases when they are buying homes, Gagan Suri, Vice-President and head of real estate asset management at National Commercial Bank Capital,said.
He suggested that housing will become affordable if government gives subsidized land, banks give loans to investors and developers, and people opt for apartments instead of villas. Riyadh Al-Thuqafi, CEO of Ewaan Global Residential Company, shed light on the global definition of affordable housing and the requirements of the Saudi community………………………………………..Full Article: Source


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