This question always comes up during our daily work, whether from colleagues or clients. In fact, almost every board meeting today asks this old and always recurring question. The dream of owning a home for the family is the goal of everyone who seeks to ensure stability for their family members by guaranteeing a decent housing that will provide them with a future refuge \u2013 may Allah be with us \u2013 and to answer this question, there are many factors that must be taken into account before answering it and the discussion will focus on the residential property (buying a house).<\/p>\n
The most important factors determining the purchase of a residential property<\/p>\n
Although the factors influencing such a decision vary,\u00a0 <\/span>One person for another according to the specific circumstances of each individual; however, there are four important and common factors among everyone:<\/p>\n 1. The current situation of the buyer (employee \u2013 retired).<\/p>\n 2. The financial ability of the buyer or the availability of suitable real estate financing (cash \u2013 commercial financing or backed by it).<\/p>\n 3. Type of property and location (villa \u2013 apartment \u2013 city \u2013 neighborhood).<\/p>\n 4. The real estate market (supply \u2013 demand).<\/p>\n Of course, everyone wants to own their dream home and strive to be self-sufficient and comfortable paying current rents. However, this desire is directly linked to a person\u2019s work schedule. Typically, a young employee has more time to save money, advance in their career, and increase their salary over the coming years, especially if they are interested in purchasing a home through financing programs. In contrast, that time is limited for an employee nearing retirement, and the need to make a quick decision on a purchase becomes even greater due to retirement and the reduction in their monthly income and the limited financing programs available for retirees, often with a reduced profit margin.\u00a0 <\/span>.<\/p>\n The financial ability of a buyer plays a fundamental role in making the decision to buy or postpone it; those who have the necessary liquidity will have the ability to buy as soon as the suitable property becomes available; conversely, those who want financing will be directly tied to the amount of financing, the profit margin percentage, and the availability of the down payment; here, funding programs supported by the Real Estate Fund and the Ministry of Housing also play an important role in helping the citizen to buy.<\/p>\n The nature of the property to be purchased influences the decision; buying a villa or an apartment is directly related to the size and number of family members. A residential apartment, of course, will cost less than a villa; the same applies to the location of the real estate development; neighborhoods located on the outskirts of the city and new developments will be cheaper than those located within the city and offering all the necessary services.<\/p>\n One of the factors that help in making a decision to buy a home is its market value, which in turn is subject to the economic supply and demand principle. The higher the demand, the higher the property value, and vice versa; neighborhoods near the city with available services will have higher demand compared to those farther away and with fewer services, and so on.<\/p>\n After reviewing the most important factors influencing the decision to buy the dream home, it should be noted that the decision to buy is an individual decision specific to the person who wishes to do so. Therefore, the importance of these factors may vary from person to person depending on their situation. For example, someone who is in a hurry and has the financial ability will not mind paying a higher amount; on the other hand, a young man with a small family will have more time to choose the neighborhood that suits him best and the price that best fits his financial ability; or he may wait for prices to drop so that he can make a purchase decision\u2014in this case, it is the best and most appropriate situation for him.<\/p>\n Buying a house \u2013 Construction \u2013 real estate<\/a> \u2013 Buying a house \u2013 Construction \u2013 Buying a house \u2013 Buying a house<\/span><\/p>\n Riyadh Chamber hosts introductory meeting \u201cEjar\u201d program explains the benefits and advantages of the unified lease contract for the commercial real estate sector<\/a><\/p>\n Real Estate Units Sorting Program completes the sorting of more than 24,000 real estate units in the first half of 2019<\/a><\/p>\n The 33-article system The Shura Council approves the draft law on the ownership and sorting of real estate units<\/a><\/p>\n Residential program announces more than 13 thousand beneficiaries of housing and financing options<\/a><\/p>\n Ministry of Finance launches 4 e-services through Etimad digital platform to facilitate financial procedures and transactions<\/a><\/p>\n White Land Program receives more than 1,200 payment orders for a total area of more than 411 million square meters<\/a><\/p>\n Identifies 4 steps to identify and publicize services. The Government Services Observatory develops a roadmap for e-transactions<\/a><\/p>\n For the fourth consecutive month ITC tops the speed index for May 2019<\/a><\/p>\n Saudi Arabian Monetary Authority (SAMA) launches the national electronic platform for business invoices \u201cReceipt Platform\u201d<\/a><\/p>\n Developer Services Center intensifies preparations to implement the electronic link for issuing building permits, meets with a number of secretariats<\/a><\/p>\n \u201cResidential\u201d program invites beneficiaries whose income exceeds 14 thousand riyals to visit the \u201cSubsidy Calculator\u201d online<\/a><\/p>\n Emphasized the strength of the Saudi financial system The Kingdom reserves its permanent seat on the Financial Action Task Force (FATF)\u201c<\/a><\/p>\n amounting to 230.786 billion dollars. Foreign direct investment growth thanks to Saudi Arabia's economic diversification<\/a><\/p>\n Abdul Latif Jameel Land Company begins construction of 158 apartments in Dari-Q<\/a><\/p>\n During the auction of Etiqan Real Estate... Growth Assets Investment Company buys Riyadh Gallery Center for SAR 976.5 million<\/a><\/p>\n Tadawul approves the listing of Al Nayfat Finance's shares for public subscription<\/a><\/p>\n Penalties include financial penalties, and the committee approves 50 violations. Violators will be removed from the registry<\/a><\/p>\n The Real Estate Fund adopts amendments to the support mechanism for mortgage beneficiaries to increase the monthly support rate<\/a><\/p>\n Reading time: <\/span> 3<\/span> Minutes<\/span><\/span>This question always comes up in our daily work, whether from colleagues or clients; in fact, there is hardly a single daily meeting where this age-old and ever-relevant question isn\u2019t raised: The dream of owning a home for one\u2019s family is a goal for everyone who seeks to provide stability for their loved ones by securing decent housing that shelters them and, at the same time, serves as their future refuge\u2014God willing\u2026 Read more<\/a><\/p>","protected":false},"author":10,"featured_media":25996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"\u0634\u0631\u0627\u0621 \u0645\u0646\u0632\u0644 ..\u062f. 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current situation for the buyer<\/h3>\n
Ragu's financial ability to buy a house<\/h3>\n
Type of property and location<\/h3>\n
Real estate market<\/h3>\n
Summary<\/h3>\n
Selected real estate news links from News Issue 175<\/a>:<\/h3>\n
Buying a house<\/h3>\n
Buying a house<\/h3>","protected":false},"excerpt":{"rendered":"