A report issued this week warned against emptying the soft mortgage decision approved by the Saudi Monetary Agency from its content, analyzing that the 85% percentage of the loan does not solve the main issue represented in the high prices of housing units that exceed the capabilities of consumers.
The weekly real estate report issued by Almazaya Holding Company warned that this decision will raise the prices of units again as it is in demand. The weekly real estate report issued by Al Mazaya Holding is likely that this decision will raise the prices of units again as it will raise demand, and the report confirms that the Saudi real estate market needs more real estate projects and pumping more ready-made housing units, in addition to creating a competitive investment environment to encourage investors to develop urban development and diversify products that increase the options for citizens seeking housing and maintain market balance from supply and demand fluctuations in favor of investors at one time and the end user at another time.
The report supported the need for the market to balance the market from supply and demand fluctuations in favor of investors on the one hand and the end user on the other. The report supported the real estate market's need for more liquidity, especially after the slight and moderate corrective declines witnessed by the most active markets during 2015, and the report mentioned several points that work to determine the values of the liquidity traded and required to assess the market's ability to maintain its pace of activity in all circumstances; including:
Liquidity levels at the level of the total value of trades.
<Daily and monthly real estate transactions. <Prices of traded real estate products. <Regulatory authorities' instructions related to the financing values of real estate products. <The promotion and marketing mechanisms and tools used by real estate developers. <Mazaya's report believed in the ability of the Gulf market to attract liquidity by launching innovative real estate projects or by offering real estate products that suit all categories, and the report valued the governmental directives through the central banks to adjust the mortgage financing ratios from time to time to reflect the flexibility of these laws and their ability to adapt to market conditions and support it in conditions of decline and control it in conditions of recovery, in addition to the importance of these decisions to enable additional segments of the local community to own real estate and housing, especially the less fortunate groups, which would increase the liquidity of the real estate sector and ensure the continuation of real estate projects.
