Recent studies in Saudi market have shown a number of important indicators, the following are the most noticeable ones:
- Continued high demand for residential units in different regions in the short supply areas in Saudi, especially for residential units that are characterized by its distinctive and modern design with high quality.
- The need to upgrade the level of development and construction along with the targeted requirements.
- There are promising opportunities for growth in Saudi real estate market driven by new legislation.
Growth drivers in Saudi real estate market are as follows:
- The scarcity of supply, and the low rate of the ownership of distinctive residential units.
- The annual increase of income per individual.
- The decline in mortgage rates.
- The improvement of housing finance conditions.