30.04.2010 - Saudi property growth to be slow, Credit Suisse says
From Bloomberg: Saudi Arabia’s real estate market will probably grow more slowly than expected because of high prices and a lack of mortgage lending, Credit Suisse Group AG said. “A strong shift to home ownership will likely not be in effect in the short and medium term,” Dubai-based analyst Ahmed Badr said in a report today. Housing supply needs to double, and that will be difficult to achieve because a shortage of off-plan sales means developers have to finance projects in full before offering units, he said........................................Full Article: Source
Print