19.10.2010 - Saudi mortgage law could spark $32 bln of lending a year
From Bloomberg: Frustrated young Saudis could spark a lending market that Capitas Group International estimates at $32 billion a year for the next decade if the kingdom passes a mortgage law thatís been a decade in the making. Saudi Arabia is literally millions of homes short of meeting its needs, after housing finance failed to keep up with a population that has quadrupled over 40 years 28.7 million..............................................Full Article: Source
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