While waiting for it to approve a mortgage in the coming period, with initiatives from the Saudi government to find appropriate means to finance housing, called Real estate experts to support real estate developers to build projects, in order to accommodate the demand resulting from the adoption of the mortgage.
According to real estate, the study of the mortgage by the Shura Council at the moment an opportunity to develop new thinking in the development of real estate projects may contribute to the provision of real estate products different in the coming period, especially as the apartments topped the applications during the last period, which reflects the state of culture change housing among consumers in Saudi Arabia.
Saudi Arabia needs to about one million housing units over the next five years, which would move the competent authorities in the country to explore ways to provide these units to meet the galloping population growth, especially in major cities, with a high rate of migration to the availability of job opportunities, which is what led to that Availability of housing and housing within a development plan objectives ninth in the country.
Khaled al-Dabaa real estate expert said that the real estate market in need of recycling to be prepared to discharge the mortgage, and that through the creation of real estate products are ready, especially in light of transformation culture real estate from building houses to buy houses form ready, especially with the accelerating pace of life through the work, that will not aids those who wish to build his house in order to end it soon.
He added that the process Dabaa real estate sectors in need of support as companies marketing, valuation, maintenance and other companies that will be an opportunity for the development of small and medium enterprises, which may move a huge market could lead to a significant financial returns and the real estate sector in Saudi Arabia.
And housing is a key nutrient for indicators of inflation in Saudi Arabia, contributed significantly to the rising inflation index during the last period, as a result of rising rents, but that the decline in residential rents and the stability of prices of construction materials and labor contributed to the alleviation of the rise during the current year, 2010, in time, which is expected which could escalate with rising rents housing is in need of the offering of new units in the market for the withdrawal of the inflation.
For his part, said Badr bin Mohammed Director-General of the «Almzaroaip» Real Estate The problem with the mortgage product that need to be a great time even asked, and thus be able to pull the high demand for it, especially as the real estate market stagnated after direct capital during the past to stock markets, despite the fact that stock markets did not attract new capital at the expense of the real estate market, the mortgage product is still under construction, for several reasons.
He summarized the reasons bin Muhammad that many of the contractors working in the establishment of government projects, which attracts contractors, in a time when Saudi Arabia and the development of a broad movement to build universities and government installations, building roads and other infrastructure projects.
He pointed out that the sectors in need of support to the activation more to do its part, the other needs to ensure that its mechanism of action of the role assigned to them fully.
On the other hand, the recent report that the markets of the Eastern Province of Saudi Arabia has begun to attract Gulf investment new, in a time when the markets of the Middle East signs return to normal before the real estate crisis, which has suffered through this year and last, which raised questions about the development of real estate investment, especially after the withdrawal of many investments and investors toward the United States and Europe, according to a report.
Khaled al-ovarian CEO of the company «tag» Property Management (prepared the report) that, depending on the results of the census of population and housing, the high number of new housing that was started on its establishment in the Eastern Province, whether Klat individual or projects for real estate developers did not reach the extent required, the presence of decrease in the number of housing units, and therefore this requires the intervention agencies concerned to fill this gap, both export an government to build housing complexes as was done previously, or to give developers more facilities to cover this shortfall.
At the same time, showed a survey field carried out by the company «tag» that the number of housing units that were to begin construction rose by up to 20 per cent, as is known, the increase in the number of new building permits is an indication of a vital movement of housing construction in the future, and added the ovary that «the government interventions in terms of facilitating the granting of licenses construction and PERMISSION will reflect positively on the market situation in the region, and therefore the UK market in general, as the bodies of the city development, especially in the eastern region should not spare any effort to grant facilities for the establishment of residential areas as orientation in the expansion civil », and continued:« This in turn will lead to race each of the companies and developers to accelerate the establishment of such parks and through the creative ideas meet the needs of the citizen or the winner of ownership housing and satisfy his needs through the provision of residential distinct product ».
The report said the index Notary witness fluctuation in the number of real estate transactions for the Eastern Region, but it is generally considered positive, especially in relation to the residential sector.
The number of housing about 606 thousands of homes and the home of various real estate products, topped Al Ahsa cities and provinces of the eastern region in terms of the number of dwellings, where the total number of housing, where about 136.2 thousand housing of various real estate products, at a time came when the city of Dammam in the Eastern Province, in ranked second in terms of number of dwellings, where it reached the number of housing units, about 125 thousand of product development from the home of my people, villas and apartments, etc., then the city of Khobar number of houses reached to 82.2 thousand houses, housing, Valkotaiv which ranked fourth with a number of houses over 70 thousand housing .
Furthermore, the region of East projects of huge real estate adopted by a number of real estate development companies as a «Khobar Lakes» of the company «Emaar Middle East», which takes place on an area of up to 2.6 million square meters, the project includes the establishment of 2300 units, as well as complexes commercial and service variety, in addition to the draft «Marina» of the company «achievement of urban development», which works by the company to be a huge project on the coast of the Arabian Gulf, the project covers an area exceeding 3.3 million square meters, includes the business district consists of commercial buildings, villas and sumptuous palaces, hotels and shopping commercial extension of integrated services, and contains a variety of city facilities such as restaurants, cafes, parks and commercial streets designed for walking, hiking and recreation.
Said Mohammed al Qahtani, a real estate expert in the eastern region that the region witnessed the mobility and wide during the period of past and present, and is expected to be the establishment of a number of auctions in the coming period, which would make it the most dynamic cities of Saudi Arabia real estate until the end of this year, and added-Qahtani said that the eastern region known as the movement Real time ago, where real estate is the investment of moving through new projects, at a time when the region is witnessing a growth in population with reference to the volume of business, which is growing through the availability of career opportunities in the energy companies started to witness a large movement.
by: Assistant Zayani
http://www.aawsat.com/details.asp?section=47&article=591066&feature=1&issueno=11645
According to real estate, the study of the mortgage by the Shura Council at the moment an opportunity to develop new thinking in the development of real estate projects may contribute to the provision of real estate products different in the coming period, especially as the apartments topped the applications during the last period, which reflects the state of culture change housing among consumers in Saudi Arabia.
Saudi Arabia needs to about one million housing units over the next five years, which would move the competent authorities in the country to explore ways to provide these units to meet the galloping population growth, especially in major cities, with a high rate of migration to the availability of job opportunities, which is what led to that Availability of housing and housing within a development plan objectives ninth in the country.
Khaled al-Dabaa real estate expert said that the real estate market in need of recycling to be prepared to discharge the mortgage, and that through the creation of real estate products are ready, especially in light of transformation culture real estate from building houses to buy houses form ready, especially with the accelerating pace of life through the work, that will not aids those who wish to build his house in order to end it soon.
He added that the process Dabaa real estate sectors in need of support as companies marketing, valuation, maintenance and other companies that will be an opportunity for the development of small and medium enterprises, which may move a huge market could lead to a significant financial returns and the real estate sector in Saudi Arabia.
And housing is a key nutrient for indicators of inflation in Saudi Arabia, contributed significantly to the rising inflation index during the last period, as a result of rising rents, but that the decline in residential rents and the stability of prices of construction materials and labor contributed to the alleviation of the rise during the current year, 2010, in time, which is expected which could escalate with rising rents housing is in need of the offering of new units in the market for the withdrawal of the inflation.
For his part, said Badr bin Mohammed Director-General of the «Almzaroaip» Real Estate The problem with the mortgage product that need to be a great time even asked, and thus be able to pull the high demand for it, especially as the real estate market stagnated after direct capital during the past to stock markets, despite the fact that stock markets did not attract new capital at the expense of the real estate market, the mortgage product is still under construction, for several reasons.
He summarized the reasons bin Muhammad that many of the contractors working in the establishment of government projects, which attracts contractors, in a time when Saudi Arabia and the development of a broad movement to build universities and government installations, building roads and other infrastructure projects.
He pointed out that the sectors in need of support to the activation more to do its part, the other needs to ensure that its mechanism of action of the role assigned to them fully.
On the other hand, the recent report that the markets of the Eastern Province of Saudi Arabia has begun to attract Gulf investment new, in a time when the markets of the Middle East signs return to normal before the real estate crisis, which has suffered through this year and last, which raised questions about the development of real estate investment, especially after the withdrawal of many investments and investors toward the United States and Europe, according to a report.
Khaled al-ovarian CEO of the company «tag» Property Management (prepared the report) that, depending on the results of the census of population and housing, the high number of new housing that was started on its establishment in the Eastern Province, whether Klat individual or projects for real estate developers did not reach the extent required, the presence of decrease in the number of housing units, and therefore this requires the intervention agencies concerned to fill this gap, both export an government to build housing complexes as was done previously, or to give developers more facilities to cover this shortfall.
At the same time, showed a survey field carried out by the company «tag» that the number of housing units that were to begin construction rose by up to 20 per cent, as is known, the increase in the number of new building permits is an indication of a vital movement of housing construction in the future, and added the ovary that «the government interventions in terms of facilitating the granting of licenses construction and PERMISSION will reflect positively on the market situation in the region, and therefore the UK market in general, as the bodies of the city development, especially in the eastern region should not spare any effort to grant facilities for the establishment of residential areas as orientation in the expansion civil », and continued:« This in turn will lead to race each of the companies and developers to accelerate the establishment of such parks and through the creative ideas meet the needs of the citizen or the winner of ownership housing and satisfy his needs through the provision of residential distinct product ».
The report said the index Notary witness fluctuation in the number of real estate transactions for the Eastern Region, but it is generally considered positive, especially in relation to the residential sector.
The number of housing about 606 thousands of homes and the home of various real estate products, topped Al Ahsa cities and provinces of the eastern region in terms of the number of dwellings, where the total number of housing, where about 136.2 thousand housing of various real estate products, at a time came when the city of Dammam in the Eastern Province, in ranked second in terms of number of dwellings, where it reached the number of housing units, about 125 thousand of product development from the home of my people, villas and apartments, etc., then the city of Khobar number of houses reached to 82.2 thousand houses, housing, Valkotaiv which ranked fourth with a number of houses over 70 thousand housing .
Furthermore, the region of East projects of huge real estate adopted by a number of real estate development companies as a «Khobar Lakes» of the company «Emaar Middle East», which takes place on an area of up to 2.6 million square meters, the project includes the establishment of 2300 units, as well as complexes commercial and service variety, in addition to the draft «Marina» of the company «achievement of urban development», which works by the company to be a huge project on the coast of the Arabian Gulf, the project covers an area exceeding 3.3 million square meters, includes the business district consists of commercial buildings, villas and sumptuous palaces, hotels and shopping commercial extension of integrated services, and contains a variety of city facilities such as restaurants, cafes, parks and commercial streets designed for walking, hiking and recreation.
Said Mohammed al Qahtani, a real estate expert in the eastern region that the region witnessed the mobility and wide during the period of past and present, and is expected to be the establishment of a number of auctions in the coming period, which would make it the most dynamic cities of Saudi Arabia real estate until the end of this year, and added-Qahtani said that the eastern region known as the movement Real time ago, where real estate is the investment of moving through new projects, at a time when the region is witnessing a growth in population with reference to the volume of business, which is growing through the availability of career opportunities in the energy companies started to witness a large movement.
by: Assistant Zayani
http://www.aawsat.com/details.asp?section=47&article=591066&feature=1&issueno=11645
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