The number of households benefiting from the subsidized mortgage loan options for purchasing \u201cready-to-move-in units\u201d and \u201dunder construction\u201d units under the housing program exceeded 59,000 during the first half of 2021, of which 46,675 households benefited from the subsidized loan to purchase ready-to-move-in housing units, as part of the program\u2019s efforts to facilitate homeownership for citizens and enable them to access diverse housing options and financing solutions that suit their preferences and fit their financial capabilities, with the goal of increasing the homeownership rate to 70% by 2030 as part of the Housing Program\u2019s targets\u2014one of the programs under the Kingdom\u2019s Vision 2030.
This figure is part of the total number of beneficiary households announced by the program during the first half of this year, which exceeded 111,000 households that benefited from various financing solutions and housing options (self-build, prefabricated units, units under construction, land). Of these, more than 87,896 families had moved into their homes as of last June, through simple and accessible procedures via the \u201cSakani\u201d website and app. For more details on housing options, visit https:\/\/sakani.housing.sa.
The \u201cSakani\u201d program offers its beneficiaries a subsidized loan option, with the aim of enabling Saudi families to purchase their first home by providing support for the purchase of residential units of their choice from the program\u2019s projects currently under construction or from ready-to-move-in units, This gives beneficiary families the freedom to choose the locations and designs that suit them, at affordable prices and with high quality, in accordance with their needs and preferences. Further details about the ready-to-move-in housing units purchase product are available at https:\/\/sakani.housing.sa\/product\/449622.
Through its website and app, \u201cSakani\u201d offers a range of housing options and services via streamlined online procedures with immediate eligibility, including the ability to browse diverse housing options across 101 projects offering approximately 144,000 housing units, as well as 223 residential plans providing 180,537 residential lots, request price quotes, accessing real estate advisory services, selecting model designs for self-builders, obtaining building permits electronically, electronically transferring housing subsidies between spouses, accessing electronic financing services, and other services.<\/p>","protected":false},"excerpt":{"rendered":"
Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>The number of households benefiting from the subsidized mortgage options for purchasing \u201cready-to-move-in units\u201d and \u201dunits under construction\u201d under the housing program exceeded 59,000 during the first half of 2021, of which 46,675 families benefited from the subsidized loan to purchase ready-to-move-in housing units, as part of the program\u2019s efforts to facilitate home ownership for citizens and enable them to access various housing options and financing solutions \u2026 Read 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