| Saudi Arabia’s property market is hot. Other places may worry, but the oil Kingdom is rolling in money. Result – a property boom. With oil prices soaring, and the economy expanding 6.5% in 2011 (the highest growth in the past eight years) there is a rapidly growing population, rising rents, and dramatic rental yields of between 8% to 11%.
With an almost virgin mortgage market boosted by a new law and investors skittish about the over-volatile local stock market, it is hard to see the Kingdom’s property boom pausing anytime soon...............................................Full Article: Source
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