As the real estate community is optimistic about the recovery of the real estate market and the convergence of the supply and demand indicators through the results achieved in the past year 2019, in which the numbers of real estate financing provided by banks and financing bodies to individuals jumped, a real estate report predicted that about 1.22 million homes are likely to be financed by providing mortgage loans supported by government programs, during the next ten years until 2030, to increase ownership rates to 70 percent according to \u201dVision 2030\". (Real Estate Loans)<\/p>\n
According to the economic report issued by Al Rajhi Financial, the volume of real estate loans that can be provided through banks and financing companies in the Kingdom is expected to reach more than SAR 500 billion, which represents one-third of the total loans provided to the private sector by all Saudi banks, which are estimated at SAR 1,500 billion.<\/p>\n
The rate of pumping housing units into the market is expected to reach about 190,000 units annually over the next three years, compared to about 180,000 housing units in 2019, supported by government subsidy programs for home purchases that have an effective interest rate of almost zero percent, for a 20-year mortgage of SAR 500,000, and about 3.5 percent for a residential loan for a unit worth SAR 1 million, according to the report's assumptions, according to the report's assumptions.<\/p>\n
The report stated that the value of interest on mortgage loans witnessed a decrease of about 560 thousand riyals, which gave a better value for homes in exchange for lower prices to buy homes for the middle-income group, as the average mortgage value witnessed a decrease of about 430 thousand riyals in the third quarter of 2019, compared to 650 thousand riyals in the third quarter of 2018.<\/p>\n
The report said that it is important to look at mortgage loans as a percentage of the banks\u201c lending solvency, as the measurement showed that Al Rajhi, Riyadh and Al Jazira banks have the highest weights in the same order, assuming that the increase in the volume of new housing financing over the next year is estimated at about 80 billion riyals with unit prices remaining constant.<\/p>\n
The mortgage sector is expected to add additional profits for banks in 2020, which may also affect other related sectors such as building materials as a result of the growth of new home loans.<\/p>\n
It is worth noting that the volume of new real estate financing provided by Saudi banks to individuals by the end of last month amounted to about 8.503 billion riyals, according to the monthly report issued by the Saudi Arabian Monetary Agency (SAMA). The report explained that the new financing includes 6.75 billion riyals directed to villas, 1.214 billion riyals directed to apartments, and 539 million riyals directed to land.<\/p>\n
While financing to apartments increased by 17.5%, month-on-month, financing to villas and land decreased by 4.5% and 12%, respectively, month-on-month.<\/p>\n
<\/p>\n
Editor-in-Chief Abdulaziz Alissa explains the story behind Amlak Real Estate Newspaper's logo<\/a><\/p>\n Riyadh to host the International Engineering Conference and Exhibition in March<\/a><\/p>\n Real estate marketing is an applied science based on four basic pillars<\/a><\/p>\n 5,000 projects to revive the Kingdom's construction sector worth more than 6 trillion riyals<\/a><\/p>\n \u00abMunicipality and Rural Development\u00bb approves the development of (12) technical requirements for buildings and service facilities<\/a><\/p>\n Saudi Real Estate Institute organizes a real estate marketing course in Makkah<\/a><\/p>\n IPS showcases Egypt's real estate investment opportunities in Riyadh<\/a><\/p>\n Ministry of Housing says goodbye to 2019 with 300,000 families who benefited from housing and financing<\/a><\/p>\n Developed its website... Amlak surveys: 80 % investors are decimated by real estate built with financing and not rented out<\/a><\/p>\n Bank news in issue 186 of Amlak Real Estate Newspaper<\/a><\/p>\n The General Authority for Small and Medium Enterprises (Monsha'at) launches new products through the Financing Guarantee Program<\/a><\/p>\n Editor-in-Chief Abdulaziz Al-Essa writes: Aramco and Real Estate<\/a><\/p>\n Governor of the Real Estate Authority: The comprehensive strategy for the real estate sector launched 45 initiatives to achieve organizational and development goals<\/a><\/p>\n Amendment includes registering real estate within the Authority King Salman issues a royal decree amending the organization of the\u00a0 <\/span>Economic Cities Authority<\/a><\/p>\n International Building and Interior Design Exhibition \u201cSIDEX\u201d kicks off in Dhahran with the participation of 100 specialized companies<\/a><\/p>\n National Commercial Bank and Riyad Bank shelve merger idea<\/a><\/p>\n Al Ahli Bank named \u00abBest Express Bank\u00bb for 2019<\/a><\/p>\n 5,000 projects to revive the Kingdom's construction sector worth more than 6 trillion riyals<\/a><\/p>\n The Saudi Arabian Monetary Authority (SAMA) introduces licensing rules for activities supporting public finance<\/a><\/p>\n STC \u00a0 <\/span>Recognized as the Middle East's Best Service Provider for Excellence, Innovation and Solution Delivery<\/a><\/p>\n Ministry of Justice launches electronic inquiry service for declarations via Najeez portal\u201c<\/a><\/p>\n Alinma Bank increases its capital to 20 billion riyals with an increase of 33.3%<\/a><\/p>\n Project value\u00a0 <\/span>Forsa platform exceeded SAR 416 million. The number of establishments on the platform rises to 8645<\/a><\/p>\n \u201cResidential Program\u201d: 40,222 families have benefited from housing solutions. Among them, 14,575 families lived in their homes during last November<\/a><\/p>\n \u201cDLD supports property management companies to enhance service excellence for tenants<\/a><\/p>\n Ministry of Justice: Notarized contracts, commercial papers, judgments and court decisions within the \u201cNafez\u201d platform\u201d<\/a><\/p>\n Real estate loans<\/p>\n The Ministry of Housing begins implementation of the initiative to support employees of the Ministry of Education with a good loan of up to 85 thousand riyals.\u00a0 <\/span>Tomorrow, Monday, December 16<\/a><\/p>\n IPS concludes with Riyadh showcasing Egypt's real estate investment opportunities<\/a><\/p>\n G20 Development Group launches in Riyadh to discuss financing for sustainable development<\/a><\/p>\n Important tips and rules before you start investing in real estate, and the preference is to invest in buildings and urban neighborhoods<\/a><\/p>\n Under the patronage of the Emir of the region. Sharqiya Chamber organizes \u201cQatif Investment Forum 2019\u201d Monday, December 23<\/a><\/p>\n Saudi Real Estate Institute organizes a training course entitled \u00abOwners Union\u00bb in cooperation with Jeddah Chamber<\/a><\/p>\n The International Property Show (IPS) kicks off on Thursday\u00a0 <\/span>In \u201cRiyadh\u201d with the participation of 13 real estate companies<\/a><\/p>\n Ministry of Housing bids farewell to 2019 by serving 300,000 families And congratulations to 106,000 families who have already moved into their homes<\/a><\/p>\n IPS International Property Show kicks off tomorrow\u00a0 <\/span>In \u201cRiyadh\u201d with the participation of 13 real estate companies<\/a><\/p>\n International Real Estate Expo\u00a0 <\/span>\u201cips kicks off tomorrow, Thursday, at the Fairmont Hotel in Riyadh And 12 Egyptian developer companies in the exhibition<\/a><\/p>\n Modernizing and developing technical requirements for the buildings and spaces of private schools, warehouses, gas stations and private hospitals<\/a><\/p>\n Sustainable Building Program issues 50 certificates of qualification in November<\/a><\/p>\n Ministry of Housing Presents Regulatory and Developmental Housing Programs at Makkah Chamber<\/a><\/p>\n Itqan Real Estate's first leasing auction achieves SAR 25 million<\/a><\/p>\n 1.020 trillion riyals is the Kingdom's budget for 2020 The expected revenues are 833 billion riyals, and the deficit is 187 billion riyals<\/a><\/p>\n Ministry of Housing denies news of canceling white land fees<\/a><\/p>\n Reading time: <\/span> 4<\/span> Minutes<\/span><\/span>\u0645\u0639 \u062a\u0641\u0627\u0624\u0644 \u0627\u0644\u0648\u0633\u0637 \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0628\u0627\u0646\u062a\u0639\u0627\u0634 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0648\u062a\u0642\u0627\u0631\u0628 \u0645\u0624\u0634\u0631\u064a \u0627\u0644\u0639\u0631\u0636 \u0648\u0627\u0644\u0637\u0644\u0628 \u0645\u0646 \u062e\u0644\u0627\u0644 \u0627\u0644\u0646\u062a\u0627\u0626\u062c \u0627\u0644\u062a\u064a \u062d\u0642\u0642\u0647\u0627 \u0627\u0644\u0639\u0627\u0645 \u0627\u0644\u0645\u0646\u0635\u0631\u0645 2019 \u0627\u0644\u0630\u064a \u0642\u0641\u0632\u062a \u0641\u064a\u0647 \u0623\u0631\u0642\u0627\u0645 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0627\u0644\u0645\u0642\u062f\u0645 \u0645\u0646 \u0627\u0644\u0628\u0646\u0648\u0643 \u0648\u0627\u0644\u062c\u0647\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644\u064a\u0629 \u0625\u0644\u0649 \u0627\u0644\u0623\u0641\u0631\u0627\u062f\u060c \u062a\u0648\u0642\u0639 \u062a\u0642\u0631\u064a\u0631 \u0639\u0642\u0627\u0631\u064a \u0623\u0646\u0647 \u0645\u0646 \u0627\u0644\u0645\u0631\u062c\u062d \u0623\u0646 \u064a\u062a\u0645 \u062a\u0645\u0648\u064a\u0644 \u0646\u062d\u0648 1.22 \u0645\u0644\u064a\u0648\u0646 \u0645\u0646\u0632\u0644 \u0639\u0646 \u0637\u0631\u064a\u0642 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estate loans<\/h4>\n
Real estate loans<\/h4>","protected":false},"excerpt":{"rendered":"