Building code controls limit land speculation in northern Riyadh

Saudi Building Code Regulations

Reading time: 2 MinutesThe near completion of the building controls (building code) for the North Riyadh area, in the area between King Salman Road and the exit of the Special Security Forces, has created a state of positivity, especially for small investors in the real estate development sector, and individuals wishing to buy and build, as the - temporary - suspension of the area to regulate the building code, led to the transfer of sales ... Read more

More than 22 thousand housing finance contracts worth 10 billion riyals in August

Real Estate Finance - SAMA August

Reading time: 2 MinutesReal Estate Finance - The number of new residential real estate financing contracts during August 2020 rose to 22,121 contracts worth more than SAR 10.1 billion, achieving an estimated growth of 80% in the number of contracts compared to August 2019, which recorded 12,306 contracts, and 94% growth in financing compared to the same month last year by about 5.2 billion, and the number of contracts during the eight months exceeded ... Read more

Shura Council calls on the Housing Ministry to cancel the subsidized mortgage payment

Shura Council Discusses VAT - Mortgage Loan

Reading time: < 1 MinuteLast week, the Shura Council called on the Ministry of Housing to study canceling the down payment that banks require the beneficiary to make before receiving the subsidized mortgage loan, in coordination with the Saudi Arabian Monetary Agency (SAMA), through a number of demands made by the Council during its discussion of the annual report of the Ministry of Housing for the fiscal year 1440/1441 AH. The Shura also demanded that the ministry ... Read more

Abdulaziz Al-Issa, editor-in-chief, writes: White Lands. Turning point

Abdulaziz Al-Issa - Third Amlak Centennial - Lifting the land moratorium - Saudi Media - Vision 2030

Reading time: 1 MinuteThe owners of white lands are expected to «exit» their lands from the circle of dormancy and latency that has accompanied them for many years, hoping to seize a golden opportunity to sell at an attractive price, by investing all available options to exit with the least loss, or a profit that protects them from falling under the impact of the fees that will enter its second phase at the beginning of next year ... Read more