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Saudi Housing Market to Witness Double Digit Growth Finds RNCOS - The annual housing demand is expected to jump to 230,000 Units by end of 2013 on large housing deficit and continues government support
Saudi Housing Market to Witness Double Digit Growth Finds RNCOS

 

NewswireToday - /newswire/ - Noida, Uttar Pradesh, India, 2010/06/04 - The annual housing demand is expected to jump to 230,000 Units by end of 2013 on large housing deficit and continues government support.

   
 
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As per our new research report “Saudi Arabia Housing Sector Outlook”, Saudi Arabia offers ample opportunities for real-estate developers as the housing industry is characterized by a large housing deficit. As per our estimations, the annual housing demand is expected to hit around 230,000 Units by the end of 2013 at CAGR of around 11% since 2010. This demand could further escalate if the mortgage law got through the country’s legislature. This law will ensure easy financing of the retail housing purchases.

The report further adds that nearly half of total estimated demand will continue to stem from Al-Riyadh and Makkah on account their large and growing population bases. Al-Riyadh and Makkah are also known as the business, tourist and investment hubs of the Kingdom. Moreover, these areas are set to account for the huge share in almost all the development plans and upcoming projects whether residential or commercial.

The report provides detailed and in-depth analysis of the growing housing industry in Saudi Arabia, its components and supporting financing structure. It helps clients to analyze the factors critical to the success of the housing industry. The report has also identified all the key players in the Competitor Analysis section. The section talks about the business profile and strategic moves of leading players operating in the sector.

“Saudi Arabia Housing Sector Outlook” discuses all the important future housing projects and expected annual housing demand for next four year based on the correlation between past market growth and base drivers, such as household size, disposable personal income, government support and growth in the population without their won houses. In this way, the detailed data and analysis help investors, financial service providers and global real estate players navigate through the latest trends in the Saudi Arabian housing industry.

Report/IM213

About RNCOS

RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with 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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Saudi Housing Market to Witness Double Digit Growth Finds RNCOS

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