Month: June 2018

Reading time: 2 MinutesThe automotive market witnessed a remarkable recovery after the decision to allow women to drive, which represents a way out for this market, which has suffered over the past two years from a decline in sales due to weak local demand in addition to the slowdown in the global economy. A number of investors in the sector explained that the automotive market in the Kingdom witnessed increases in sales during the current month, coinciding with ... Read more

Reading time: 2 MinutesThe annual statistical book for the year 2017 published by the General Authority for Statistics (GASTAT) finally revealed the results of the survey data of the relative distribution of subsidized housing products by the Ministry of Housing by regions during the past year 2017, where Makkah region acquired the largest number of the total subsidized housing products with 30,487 housing units with 25.32% of the total housing units and 21,101 residential land ... Read more

Reading time: < 1 MinuteThe housing units announced by the “Residential” program during the last six payments of this year 2018 exceeded the barrier of 46 thousand housing units (villas and apartments) ready and under construction in partnership with real estate developers, with prices ranging between 250 and 750 thousand riyals. The Ministry of Housing said that these housing units are among the 125,000 various units targeted by the ... Read more

Reading time: < 1 MinuteSales of new single-family homes in the United States rose more than expected in May with sales in the South hitting their highest level in nearly 11 years. New home sales jumped 6.7 percent to an annualized rate of 689,000 units last month, the U.S. Commerce Department said. Economists polled by Reuters had ... Read more

Reading time: < 1 MinuteThe Ministry of Housing revealed that the number of housing loans granted by financial institutions to citizens witnessed a growing and remarkable increase during 2017, reaching 163.77 thousand loans by the end of the fourth quarter. The number of housing loans granted by the financing bodies increased by 4.88% during the fourth quarter of last year compared to the previous quarter. The ministry said in its periodic bulletin for March 2018, ... Read more