The weekly real estate report of Al Mazaya Holding Company showed that the Saudi real estate market is less willing to impose more restrictions and real estate legislation, especially those related to imposing restrictions on real estate financing ratios, this comes in light of demands from real estate professionals and citizens for the need to reconsider the percentage of 30% as a down payment of the value of the property by those wishing to finance real estate from their own sources, which led to the inability of many citizens, which, according to the report, led to an increase in the discrepancy between the plans and directions of the real estate sector traders and the Saudi Arabian Monetary Agency.

The report added. The report added that such decisions, despite their negative effects on those who are unable to afford it, contribute directly to curbing the high prices prevailing in the Saudi real estate market.

The report added that such decisions, despite their negative effects on those who are unable to afford it, contribute directly to curbing the high prices prevailing in the Saudi real estate market. The report pointed out that most countries are witnessing amendments and development of their systems and laws to maintain the pace of economic and productive activities, and may also seem untimely, especially in conditions of recovery and high demand for service activities and activities related to real estate products and other products whose outputs are related to various systems and laws that have been and are being developed and placed within the highest and best standards applied at the global level, and it is clear that the level of response varied from one market to another, and in one sector without the other.

The UAE market is the most responsive

. <The UAE real estate market has shown greater efficiency in responding to the legislation and controls issued by the Central Bank of the UAE at the end of 2013 within the comprehensive mortgage system, according to which the limits of financing by banks operating in the country are set at percentages up to 80% of the value of the property for citizens for the owner's first home with a value not exceeding five million dirhams and 75% for non-citizens for properties with a value not exceeding five million dirhams as well, while the new system specified a financing ratio not exceeding 50% for properties purchased before construction, while the mortgage loan repayment period will be a maximum of The system stressed the importance of transparency on fees, discounts, interest rates or profit and the need to provide the borrower with all relevant information, and the Governor of the Central Bank at the time confirmed that the system has a positive impact on the real estate finance market at the level of banks and at the level of the categories benefiting from this system, on the other hand, Al Mazaya report says that the pace of activity was not greatly affected by this system due to its importance in controlling the rhythm of the market and regulating the relationship between financing bodies and borrowers without having negative effects on the pace of activity and prices as the activity registered in the market comes mostly from end-users.

Conflict with private sector interests

<It seems clear that these legislations will face more opposition and conflict with the interests of the private sector and the financial and service sectors, as they will negatively affect their expansion plans, in addition to affecting their rates of return depending on the severity or weakness of the restrictions imposed by the relevant authorities for each activity. Experience has proven that laws and legislations have many different aspects at the level of impact, but the final outcome was in favor of imposing more transparency and controlling the rhythm of the various markets, giving investors from all categories more protection for their properties, and giving markets more security, which was manifested in raising the level of

Insurance on the importance of real estate financing

<The report emphasized the importance of real estate financing provided by the banking sector and specialized financing channels in moving real estate markets at the level of the countries of the region and the world and its role in moving it from the state of stagnation and decline to the state of growth and recovery, as the strength and continuity of financing directly affects the mechanisms of both supply and demand, which pushes the existence of mechanisms and systems with a high degree of accuracy and flexibility to determine the relationship between supply and real estate financing, financing and real estate demand, because any imbalance on this equation will lead to disruption in the real estate market in the countries of the region, and Al Mazaya report emphasizes that the weakness or decline of real estate financing will add