Month: June 2019

Amlak Newspaper releases the new issue No. 174, in which it raises a number of real estate sector issues and threats to the security of vacant houses

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Real estate news

Reading time: < 1 MinuteIssue 174 of Amlak Real Estate Newspaper (the first issue after the Eid Al-Fitr holiday 1440) has been published. The issue contains the latest real estate and economic news and a number of reports, events and news of auctions that will start this week. The issue includes the editor-in-chief's article on vacant properties and missing solutions. And a number of related articles. The issue also features a number of ... Read more

During the month of May. The Real Estate Fund deposits 863.5 million riyals in the accounts of subsidized loan beneficiaries

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Mortgage - Real Estate Finance

Reading time: 3 MinutesThe Real Estate Development Fund deposited 863.5 million riyals in the accounts of the beneficiaries of the “Residential” program from the Ministry of Housing and the Real Estate Fund in May 2019, including 140.3 million riyals in support of the profits of subsidized mortgage contracts, and 723.5 million riyals for the beneficiaries of the military support initiative. The Fund indicated in a press release that the total amounts that were deposited in the accounts of the beneficiaries of the “Subsidized Mortgage Finance” program, ... Read more

Residential program delivers 1576 free land plots to beneficiaries in different regions of the Kingdom

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Residential Program - Residential Properties - Land - Real Estate Finance

Reading time: 2 MinutesThe Sakani program has delivered free residential lands to the beneficiaries of the program, where 1576 plots of land were delivered during the month of May, distributed in various regions of the Kingdom, in preparation for the start of their construction. The program explained that the delivery included 99 plots of land in the Riyadh region, in addition to 567 lands in the Makkah region, 237 citizens in the Najran region, and ... Read more

 Eliminates confusion based on judicial rulings The Council of Ministers decides that the regulation of housing support will apply to all applications submitted to the Real Estate Fund

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Housing finance

Reading time: 2 MinutesCabinet Decision No. 554, issued at the recent Cabinet meeting, cleared the confusion in the understanding of Cabinet Decision No. 82 issued in 1435 AH regarding the participation of banks and the private sector in the housing finance program, as the Cabinet decided to amend the third clause of this decision and the amendment stipulated that (the housing support regulation applies to ... Read more

More than 7000 enterprises registered. The Human Resources Development Fund's efforts to promote entrepreneurship in small and medium enterprises

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Investment Opportunities - Development

Reading time: 3 MinutesThe Human Resources Development Fund (HRDF) recently revealed that 7500 small and medium-sized enterprises have registered on the «Forsa» platform, and the value of opportunities published on the platform exceeded 381 million riyals, and the total value of approved opportunities reached more than 72 million riyals. ( Investment Opportunities ) Investment Opportunities ... Read more

 More than 4 billion riyals deposited in the accounts of “subsidized mortgage” beneficiaries”

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Residential Projects - Real Estate Finance

Reading time: 3 MinutesThe Real Estate Development Fund continued its efforts to support the beneficiaries of subsidized financing, as the total amounts deposited in the accounts of the beneficiaries of ”subsidized mortgage” and ”subsidized housing loan for military personnel in service” amounted to four billion and 568.7 million riyals, since the beginning of the transformation until May 2019... Read more

The real estate market records a 14% decline in total transaction value

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Real Estate Index - Real Estate Transactions

Reading time: 2 MinutesThe real estate market in the Kingdom recorded a decline in the total value of its transactions by 14.1%, compared to its level during April, and the total value of real estate transactions stabilized at the end of last month at the level of 12.7 billion riyals, compared to its level during the previous month at the level of 14.9 billion riyals. The monthly change varied between the residential and commercial sectors, ... Read more

The Real Estate Authority presents the draft Real Estate Registration System to enhance property rights and minimize conflicts

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real estate

Reading time: 2 Minutes  The General Real Estate Authority (GRA) has launched the Real Estate Registration System project, which aims to allocate a sheet in the real estate register for each real estate unit in which the unit is accurately described in terms of its location, area and nature, and the rights it has and the obligations contained therein, (Real Estate). The Authority looks forward to achieving the objectives of implementing the real estate registration system in the Kingdom, to preserve the rights of ... Read more

The volume of residential real estate financing provided to individuals by banks increased by 143%

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Residential Mortgage - Real Estate Finance

Reading time: 2 MinutesThe latest data released by the Saudi Arabian Monetary Agency (SAMA) revealed that the volume of new residential real estate financing provided to individuals by banks rose to 6.04 billion riyals during April 2019, an increase of 143% compared to the same period in 2018. The financing provided for “residential villas” accounted for the largest share of the total financing provided by banks during April ... Read more

UK house prices rise in May

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House prices

Reading time: 2 MinutesUK house prices rose unexpectedly in May in a sign of stabilization, despite Brexit-related uncertainty. Halifax data showed prices rose 0.5% compared with April to an average of £237.83k ($303k), while they were expected to remain unchanged, and year-on-year, home values rose ... Read more

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