Affordability to Drive Housing Demand in Saudi Arabia

Demand for affordable housing units will drive the Saudi Arabia Housing sector in coming years, RNCOS identified.

Noida, India (prHWY.com) May 26, 2011 - According to our research report "Saudi Arabia Housing Sector Outlook", the Saudi Arabian housing industry has emerged as one of the most vibrant segments of the real-estate industry. Young population-base, government funding, and booming economy have facilitated the region's housing industry to become one of the fastest growing housing industry in the Middle Eastern region. Moreover, it is expected that, the demand for Saudi Arabia housing industry will reach to 230,000 Units by 2013, growing at a CAGR of around 20% during 2011-2013.

Ongoing research found that, the government's assurance towards the improvement of the housing industry and constructive policy framework will result in the high-level of investments in the Saudi Arabian housing industry. We anticipate that, in the coming years, majority of developers will focus on affordable housing projects instead of luxury villas and projects. Demand for these affordable housing units will account for over 90% of the total housing industry's demand in the Kingdom.

The report outlines that, the new mortgage regulation in Saudi Arabia will change the real estate market as it will promote young buyers, who presently find it hard to attain finance to acquire property. Furthermore, acceptance of the law will open the domestic market, with apparent and definite funding channels giving an additional boost to the sector.

Besides, the report analyzes factors critical to the success of the Saudi Arabian housing industry. It has also identified key players in the market and included their detail business description and their recent activities. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the Kingdom's housing sector.

Our comprehensive report "Saudi Arabia Housing Sector Outlook", provides a deep insight into the Saudi Arabian Housing industry and evaluates the past, present, and future scenario of the Saudi Arabian Housing market. It discusses the key factors, which are making Saudi Arabia an attractive destination for housing industry giants. Besides, our report covers the industry forecast and analysis based on various macro and micro- economic factors.

For FREE SAMPLE of this report visit: http://rncos.com/Report/IM213.htm

Check DISCOUNTED REPORTS on: http://www.rncos.com/promotion.htm

About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: saudi arabia housing

Categories: Real Estate

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