26.08.2009 - Delay in mortgage law stalling Saudi market
From Business24-7.ae: The mortgage market in Saudi Arabia continues to be limited due to the delay in passing of the new mortgage law, said a report. "Finance options are still largely unavailable due to a price sensitive population. There has been significant economic 'trickle down' to the local population, but although the mid-income sector now has resources to buy accommodation, it continues to be frustrated by a lack of available land and mortgage finance," CB Richard Ellis said in a market view report on Saudi Arabia's residential market.............Full Article: Source