Markets

35 billion riyals worth of housing finance for individuals in 5 months

Reading time: < 1 MinuteEconomic reports revealed that the value of housing finance for individuals provided by banks and finance companies amounted to about 34.93 billion riyals during the first five months of 2023, compared to 55.39 billion riyals

05/07/2023

Retail Housing Finance
Saudi Central Bank

SAMA: 74.28 billion riyals in new residential mortgages for individuals in 11 months

New housing finance fell 36.36% and funded contracts fell 34.67% during January-November 2023.

Rent - Residential Contracts - Refunds

January 15 is the date to pay rent for residential contracts through digital channels

KDIPA limits the acceptance of new residential contract payments to digital "Ejar" and gradually eliminates the issuance of receivables.

Fahad Mohammed Bin Awein - Real Estate Articles

Real Estate Articles Real estate articles: Achieving housing security

Rising real estate prices are hindering home ownership, and the Ministry of Housing is taking measures to address it.

Amlak 279 Residential suburbs

More than 12 residential suburbs in line with the new concept of urban development

New housing projects with millions of square meters of suburbs and hundreds of thousands of units to support 70% ownership by 2030

Housing Projects 2023

  The achievements of housing programs and projects have drawn the map of the real estate sector

Since 2018, housing programs have expanded housing supply and financing and created new cities to support achieving 70% ownership.

Residential program

964 million riyals deposited in the accounts of “Residential” beneficiaries for the month of December

The Real Estate Fund allocated the subsidy to the profits of subsidized financing contracts; total deposits since 2017 are about 55 billion riyals.

Real Estate Marketing - Lana Al-Shabaneh - The Line

Residential program: More than 90,000 families have lived in their homes since the start of the year

93,622 Saudi families have benefited as of November with immediate support packages in cooperation with the Real Estate Development Fund and financing entities.

Germany forcibly evicts more than 27,000 apartments for rent default

Government records 27,319 forced evictions in 2022, mostly in North Rhine-Westphalia; opposition calls for tenant protections

5 wall paint colors that make you feel comfortable and relaxed

Wall colors that improve mood and reduce stress: Yellow, green, pink, white and gray

U.S. Real Estate - Home Sales

New home sales in the U.S. fell last month

Ministry of Commerce: Home sales fell to an annualized rate of 679k and median prices fell to $409.3k.

Hamza Ghanbam Real estate articles

Real estate articles: Marginalized Endowments. And the loss of rights

A call to rehabilitate endowment custodians, modernize instruments, and facilitate financing to restore benefits and protect the rights of beneficiaries

Matar Al-Shammari, Old Buildings - Real Estate Marketing

Real estate articles: Documenting your lease preserves your rights and protects you

The electronic documentation of standardized contracts protects the rights of the lessor, tenant and broker and facilitates litigation and enforcement through the Ejar platform.

Abdulrahman Al-Qout - Real Estate Sales - Multiple Options - Selling Residential Units

Real estate articles: Suburban development outside of cities and the fiscal and demographic impact

The benefits of peri-urban sprawl on the local economy, housing quality, and reducing dependence on cities

Residential program

93,622 families benefited from the residential program in the first 11 months of 2023

In October, 11,073 families benefited and 8,122 occupied their first homes through various support and financing packages

Off-plan Real Estate Projects Real Estate Contributions

32,000 real estate brokers sign more than 108,000 brokerage contracts in 5 months

KDIPA has issued more than 117,000 advertising licenses, licensed 24 platforms, and carried out more than 9,000 monitoring operations.

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