In light of SAMA's decision to raise the maximum home value financing ratio for real estate companies to 85%, some financiers called for granting more licenses to real estate finance companies and expanding the decision to include banks and banks, which are able to meet the needs of the largest segment of borrowers.

Specialists in the real estate finance industry praised the decision and considered it a gain for the real estate market.

Specialists in real estate finance activity appreciated the decision and considered it a gain for the real estate market and an implicit recognition by the institution of the role played by real estate finance companies and banks in contributing to bridging the gap for housing seekers.

Demanding more financing companies

For his part, real estate investor Ibrahim Abdullah Al-Subaie described the institution's move to raise the financing to 85% as positive, indicating that any facilitation made in the real estate finance sector is a new addition that serves the sector and the consumer in light of the multiple influences that currently cause a state of stagnation, and Al-Subaie called for the expansion of granting more licenses to real estate finance companies because this pushes many investors to pump their money into this vital and important field.

Al-Subaie's predictions were confirmed by the generalization of the decision to include both banks and banks, which has been much talked about at the moment, which will have a greater role in light of the huge potential of banks compared to finance companies.

The Monetary Authority and understanding the real estate market

<Yasser Abouatique, CEO of Dar Al Tamleek, expressed his confidence in the decisions and regulations of the Monetary Authority, which are based on realistic studies through its monitoring of the real estate market, and are developed from time to time as required, and Abouatique indicated that the policies of the financing institution will come out with more facilities that serve the consumer in this sector that can increase and expand, He explained that the Foundation and through the explanations of the Governor of the Monetary Authority are keen to understand the potential of the market and the extent of its capacity and the continuous review based on developments and without a doubt the decision will serve a segment of those wishing to finance, but it is limited as the funds of real estate finance companies are investor funds working in one product, real estate financing, unlike banks and banks that have depositors' funds and work in many banking products.

Expanding the decision

In the same context, Engineer Talal bin Abdullah Samarkandi, a member of the Saudi Society for Urban Sciences, called on the Monetary Authority to expand the decision to include all those licensed to provide mortgage loans in light of the presence of the property itself as a mortgage that guarantees the lender his right and allowing licensed banks to provide the service will enable larger segments of citizens to benefit and achieve their desire to own a home.

Allowing licensed banks to provide the service will enable larger segments of citizens to benefit and achieve their desire to own a home.