According to the Ministry of Commerce and Industry, Saudi Arabia that, more than 17,000 licensed real estate units of about SR 20 billion are up for sale.
Almost 15000 housing, about 350 commercial and approximately 2000 land development units would make a total of 17, 258 units across Saudi Arabia.
It will have a very significant impact on the growth in the real estate sector. Various factors like growing demand, investor friendly environment, the new mortgage law under implementation, banking and financial institutions being more supportive to the local market, and the additional loan program have worked in favour of thrust in the sector.
Leave a Comment