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What is the penalty for defaulting on a mortgage loan?

Reading time: 2 Minutesيلجأ البعض إلى القرض العقاري من أجل الحصول على التمويل اللازم لشراء وحدة سكنية أو عقار أو حتى قطعة أرض، وغالبا ما يكون القرض العقاري ... Read more

Sama: Default can lead to credit rating deterioration, seizure of accounts and property, and legal proceedings with the possibility of rescheduling.

21/08/2024

الشركة السعودية للضمان الإسكاني (ضمانات)

“ضمانات” و “إعادة” تتعاونان لتعزيز قطاع التمويل العقاري ودعم برنامج الاسكان الوطني

مذكرة تفاهم لتطوير حلول إعادة التأمين وإدارة المخاطر ودعم نمو وتمويل برنامج الإسكان الوطني.

Public Investment Fund Forum discusses “Real Estate Potential, Building Financing Capabilities and Partnerships”

The forum session reviewed the Fund's role in developing real estate opportunities, connecting developers with investors, and focusing on technology and sustainability.

3 types of real estate auctions in Saudi Arabia to suit all needs

The Public Authority for Real Estate offers different auctions depending on the condition of the property and the purpose, to enhance transparency and facilitate sales and leasing procedures.

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

Real estate sales... Skill or numbers?

Real estate sales requires a combination of trust-building skills and the discipline of tracking numbers to succeed.

Hisham Al Qasem Real Estate Articles - Real Estate Investment - National Day 95 - Housing Projects Don't buy a property without a consultant - The Journey of Home Ownership

Transformations in the Saudi real estate sector - between promising opportunities and future challenges

The sector's growth is driven by megaprojects and digitization, with challenges of rising prices and the need for legislation and affordable housing.

Retail real estate financing jumps to SAR 93.6 billion in 2024 And villas are leading

The interest rate cut boosted demand and banks witnessed 91.1 billion and 122.3 thousand contracts with an average of 744.6 thousand riyals.

Zakat, Tax and Customs Authority

“Zakat invites taxpayers to take advantage of the initiative to cancel fines and exempt from financial penalties

Expires June 30, 2025; requires taxpayer registration, filing of returns, and payment of principal; does not include evasion penalties.

Abdullah Al-Hammad: 3 key pillars to develop the real estate sector and attract investments

General Real Estate Authority works on governance and compliance, raising compliance 2025, attracting foreign investors and integrating technology

Public Authority for Real Estate Taysir Al-Mafraj

Saudi Real Estate Authority plans to increase the number of real estate technology companies to 1,500

The authority plans to increase real estate technology companies from 270 to 1,500 in five years, and extend the receipt of regulatory environment applications by two months.

International Monetary Fund Riyadh office market

1.86 billion riyals in real estate transactions Janadriyah neighborhood is the most active

The Real Estate Exchange Index rose 1.77% to 10,283.09 points with 1,453 transactions and a traded area of 4.1 million m²

Attend Day 3 - Future of Real Estate Forum

In detail... Program sessions on the third and final day of the Future of Real Estate Forum

Local and international participation on the development of real estate regulations and the growth of the sector in the presence of the Minister of Municipalities and Housing and Bill Clinton.

Real estate expert Mutair Al-Shammari - Land Selection

Matar Al-Shammari provides practical tips for choosing the right property and financing for your monthly income

Shows a table to determine the installment and first payment according to salary and urges balanced financing and taking advantage of support programs

The Second Forum Real Estate Balance - Al-Haqeel

Al-Haqeel: The volume of real estate loans exceeded 850 billion riyals and the sector's revenues quadrupled

Citizen ownership exceeded 64% by the end of 2024, and the real estate sector's contribution to GDP reached 6.45%.

Al-Haqeel: Real estate sector grew by 6.49% last year

Al-Hogail announces real estate sector growth of 6.49% in 2024 and reveals the injection of more than 160,000 units at subsidized prices in 2025

President of the Real Estate Authority: 1131 licenses issued for foreign investments in the third quarter of 2024

Al Hammad announced at the Future of Real Estate Forum that the sector contributes 12% of GDP and attracts international investment

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