Well-informed sources have revealed that the Ministry of Housing intends to launch the Residential Renovation Loans Initiative (\u201cTajdid\u201d) during the second quarter of 2019. The new initiative aims to diversify and expand the range of loans offered by the ministry; and to enable the purchase, maintenance, and renovation of older homes through favorable, subsidized loans. This initiative was launched in response to the desire of a large segment of the population to purchase existing homes in established neighborhoods in most cities across the Kingdom, particularly in major cities.<\/p>\n\n\n\n
For his part, he emphasized Housing program<\/a> Regarding the completion of preparations for the launch of the initiative, he explained that all aspects related to the initiative had been studied and were subject to development and refinement to meet citizens\u2019 needs, The target buildings are expected to be more than 8 years old, and the initiative will run for 6 months from its launch date.<\/p>\n\n\n\n The Residential Renovation Loans Initiative (Tajdid) is the first of its kind, as it allows citizens to purchase a home that suits them in the neighborhood of their choice and renovate it as they wish, with favorable loans. It also enables beneficiaries to take advantage of suitable opportunities that arise in the real estate market. <\/p>\n\n\n\n \u00abAmlak surveys participants at Construction Expo 2018 Exhibitors: Strong presence of local and foreign companies confirms the strength of the Saudi construction market<\/a><\/strong><\/p>\n\n\n\n Quality testing is recommended during construction phases - Engineer Mudhir Al-Qahtani lectures at Saudi Build 2018<\/a><\/strong><\/p>\n\n\n\n Everything the construction market needs under one roof More than 500 companies present their latest products at Saudi Build 2018<\/a><\/strong><\/p>\n\n\n\n In collaboration with the Construction Technology Incentive Initiative, the Eastern Province Chamber of Commerce is organizing a workshop tomorrow, Thursday, on \u201cThe Construction Technology Revolution in Housing\u201d<\/a><\/strong><\/p>\n\n\n\n USD 30 billion worth of hotel construction contracts in the Middle East through 2023<\/a><\/strong><\/p>\n\n\n\n Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>Informed sources revealed that the Ministry of Housing intends to launch a residential renovation loan initiative during the second quarter of the current year 2019, and the new initiative aims to diversify and expand the circle of loans provided by the Ministry; and the possibility of buying, maintaining and renovating old houses with good loans through subsidized loans. This initiative came in response to the desire of a large segment of citizens to buy housing ... 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