Euromoney statistics renew confidence in housing and real estate market
<With 500 participants from around the world, <a style="color: #800000;" href="https://amlak.net.Euromoney Housing and Real Estate Finance Conference revealed the strength and sustainability of the real estate market, as the number of mortgage contracts in 6 years reached about 724 thousand financing contracts worth 429 billion riyals, while the volume of real estate financing until March 2023 amounted to about 717.8 billion riyals.The conference discussed the volume of real estate financing until March 2023 about 717.8 billion riyals.
The conference, which was launched under the patronage of the Minister of Rural and Municipal Affairs and Housing, Majid Al Haqeel, discussed the most important developments and developments that contribute to an effective and innovative housing sector in the Kingdom, while providing opportunities to explore topics and issues of interest to housing, such as risk management and innovation and present them to policy officials, financial regulators, bankers, state funds, companies and private capital providers from around the world.
During the sessions, the conference discussed the latest developments and developments that contribute to an effective and innovative housing sector in the Kingdom. During the sessions, which started under the theme "Opportunities and Challenges in the Housing Market", the CEO of the Real Estate Development Fund, Mansour bin Madi, noted the transformation of the Damanat program into the Saudi Housing Guarantee Company with a capital of 18 billion riyals to establish a secondary mortgage market and build a model to provide support to real estate developers that will contribute to increasing the supply of off-plan products.
Many of the sessions were held under the theme "Opportunities and Challenges in the Housing Market“
Euromoney Housing and Real Estate Finance Conference Statistics
72% of the total value of real estate financing contracts are ”subsidized“.
116 thousand beneficiaries in the ”Guarantees" program.
In 6 years
Number of contracts: 724K finance contracts
Value: 429 billion riyals.
Easy Mortgage
120K SAR maximum for the first installment.
5% first installment.
104 thousand beneficiaries.
Real estate, building and construction sector
717.8 billion riyals in real estate financing until March 2023
8% The contribution of the construction sector to economic mobility.
8.9% <8.9% contribution of real estate activities to GDP. 227 thousand jobs attracted by the real estate sector from 2019 to March 2023.
227 thousand jobs attracted by the real estate sector from 2019 to March 2023.
2.5 million jobs.
