NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/11/18 - Rapid development in the housing sector and favorable mortgage law framework will enable real estate financing to grow at 33.3% CAGR during 2010-2013, says RNCOS.
According to our latest research report “Saudi Arabia Housing Sector Outlook”, despite a big slump in the economy, Saudi Arabia continues to attract massive investments and remains favored destination for real estate developers around the world. Real estate investment is expected to grow 33% Y-OY in 2010. Recovering oil prices, continued government stimulus, and gradual relaxation of bank lending are some of the important factors attributing to the growth of the residential real-estate market in the Kingdom. Advancements in the housing construction will amplify real estate financing industry to grow over 33% CAGR growth by 2013.
The study inferred that although the Kingdom is witnessing huge developments in the housing construction, housing market still suffers from large demand-supply gap due to rapid expansion of expatriate population along with domestic population and declining household size. Moreover, majority of the Kingdom’s populace does not have their own houses and live in rented houses. These factors coupled with other market drivers are expected to propel the stupendous growth of the housing industry in near future. The trend will boost housing finance sector developments and the Kingdom will witness additional market players entering in the market.
Major developers are moving ahead with a series of multi-billion-dollar real estate projects in reaction to this anticipated demand. Riyadh, Makkah, and Eastern Province, which collectively account for around 70% of the kingdom’s population and economy, are expected to receive a serious thrust in their real estate and housing industry growth. Our report, “Saudi Arabia Housing Sector Outlook”, is an outcome of extensive research and conceptual analysis of the Saudi Arabia housing industry potentials. The report provides information/statistics on industry trends, demand drivers, its components, and supporting financing structure. Detail data and analysis will help investors, financial service providers, and global real estate players in navigating through the latest trends in the Saudi Arabian housing industry.
Most importantly, the report also provides future forecast on the industry based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the Saudi Arabian housing industry, which will prove decisive for clients.
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.