{"id":8670,"date":"2015-12-27T15:55:18","date_gmt":"2015-12-27T12:55:18","guid":{"rendered":"http:\/\/www.amlak.net.sa\/?p=8670"},"modified":"2015-12-27T15:55:18","modified_gmt":"2015-12-27T12:55:18","slug":"%d9%82%d8%b1%d8%a7%d8%a1%d8%a7%d8%aa-%d9%81%d9%8a-%d8%af%d9%81%d8%aa%d8%b1-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1-2015-%d8%b3%d8%b1%d9%82%d8%aa-%d8%a8%d8%b1%d9%8a%d9%82-%d8%a7%d9%84%d8%b3%d9%88%d9%82","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/8670\/","title":{"rendered":"Readings in the real estate book. 2015 stole the real estate market's thunder, 2016 holds new hopes \u00a0"},"content":{"rendered":"<p><span style=\"color: #800000;\">Read by: Muhammad al-Amin Jamous<\/span><\/p>\n<p>As 2015 draws to a close, real estate professionals are reassessing their strategies to prepare for a new real estate and economic landscape by next year, 2016, just a few days from now...<\/p>\n<p style=\"text-align: center;\">\u00d7\u00d7\u00d7\u00d7\u00d7\u00d7\u00d7\u00d7<\/p>\n<p>A number of complex policies have led to a decline in real estate transactions and sluggish sales in the second half of the year, which is drawing to a close, particularly the down payment requirement for mortgage financing\u201430% of the total value of the financed property\u2014the implications of the \u201cwhite land\u201d regulation, and rising housing prices that exceed homebuyers\u2019 affordability, with supply falling short of demand or failing to meet buyers\u2019 needs.<\/p>\n<p style=\"text-align: center;\">\u00d7\u00d7\u00d7\u00d7\u00d7\u00d7\u00d7\u00d7<\/p>\n<p>Unofficial press reports have revealed that the 30% down payment requirement has deterred applicants from seeking financing; total mortgage financing at financial institutions reached nearly 6 billion riyals by the end of the third quarter, compared to 40 billion riyals in the previous year, 2014. These figures and others like them served as an indicator for the adoption of the new mortgage financing policies.<\/p>\n<p style=\"text-align: center;\">\u00d7\u00d7\u00d7\u00d7\u00d7\u00d7\u00d7\u00d7<\/p>\n<p>The new \u201cmortgage financing policies\u201d approved by the Council of Ministers\u2026 which guarantee 20% of the down payment for citizens seeking mortgage financing to purchase a home, have restored hope for many as an important step in supporting those who are truly deserving of housing, which bodes well and suggests that momentum will return to the real estate market.<\/p>\n<p style=\"text-align: center;\">\u00d7\u00d7\u00d7\u00d7\u00d7\u00d7\u00d7\u00d7<\/p>\n<p>Last week, the Ministry of Housing announced its intention to launch a variety of new products in early 2016, which is expected to stimulate the real estate market, especially since many people are very optimistic about the coming year, What is even more encouraging is that steps are being taken at full speed to transform the Real Estate Fund into an investment financing institution.<\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">Minute<\/span><\/span>By: Mohamed Al-Amin Jamous As 2015 draws to a close, real estate professionals are recalculating their strategies to prepare for a new real estate and economic landscape by the start of 2016, just a few days away... \u00d7\u00d7\u00d7\u00d7\u00d7\u00d7\u00d7\u00d7 Various and complex policies have led to a decline in real estate transactions and sluggish sales in the second half of the year that is about to end, particularly regarding the down payment for real estate financing, which is 30% of the total asset value\u2026 <a title=\"Readings in the real estate book. 2015 stole the real estate market&#039;s thunder, 2016 holds new hopes \u00a0\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/8670\/\" aria-label=\"Read more about &quot;Insights from the Real Estate Journal&quot;: 2015 Dampened the Real Estate Market&#039;s Luster... and 2016 Brings New Hopes \u00a0\">Read more<\/a><\/p>","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[114],"tags":[],"class_list":["post-8670","post","type-post","status-publish","format-standard","hentry","category-opinions-and-analyses"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post excerpt","type":"text","formatted_value":""}},"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","trp-custom-language-flag":"","event-thumbnail":"","event-medium":"","event-large":"","event-hero":""},"author_info":{"info":["\u0627\u0645\u0644\u0627\u0643 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629"]},"category_info":"<a href=\"https:\/\/amlak.net.sa\/en\/category\/opinions-and-analyses\/\" rel=\"category tag\">\u0622\u0631\u0627\u0621 \u0648\u062a\u062d\u0644\u064a\u0644\u0627\u062a<\/a>","tag_info":"\u0622\u0631\u0627\u0621 \u0648\u062a\u062d\u0644\u064a\u0644\u0627\u062a","comment_count":"0","_links":{"self":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/8670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=8670"}],"version-history":[{"count":0,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/8670\/revisions"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=8670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=8670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=8670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}