Early 2015: Lists of those eligible for housing grants announced
Jeddah-Amlak
Informed sources revealed that they expect to announce the lists of those who are actually entitled to housing grants in early 2015, and that the announcement will include the disclosure of real estate financing rules and regulations in coordination with Saudi banks.

The sources explained that the announcement will transparently clarify the conditions that must be met by applicants to obtain housing units in the housing projects currently implemented in all regions of the Kingdom, as well as the criteria for selecting those who apply to them, as the ministry's specialists are in the process of finalizing these conditions in conjunction with the completion of a number of implemented projects
The sources revealed that the Ministry, through its studies, defines its future strategic vision to define its objectives and policies within institutional plans according to the current and future needs of the Kingdom, including programs, implementation priorities and funding sources, in addition to studying the reality and conditions of the housing market in the Kingdom and its regulatory framework and proposals for its development to achieve the objectives of the state and methods of financing and managing it to achieve balance between supply and demand and the challenges that impede its development and appropriate solutions to them.
The sources explained that the ministry has a housing policy for short- and long-term plans through which housing experts conduct accurate studies and monitor housing requirements to ensure the advancement of the housing sector and reduce the rise in real estate prices, which have become very high over the past years.
Economist Dr. Abdulrahman Al-Sanea said: The Ministry of Housing continues to announce the signing of contracts to build housing projects contributes significantly to the decline in real estate prices, pointing out that the real estate market is witnessing a corrective movement in real estate prices in the coming years, which creates many supply opportunities for real estate that will be higher than the high demand in the market.

The real estate market is witnessing a corrective movement in real estate prices during the coming years.