Mortgage finance system has helped home ownership in Saudi Arabia

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spa

article author: 

SPA

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1551906124118807600

Wed, 2019-03-06 23:59

RIYADH: The second edition of the Saudi Housing Finance Conference concluded in Riyadh on Wednesday.
Housing Minister Majid Al-Hogail stressed that the mortgage finance sector in the Kingdom will play a significant role in increasing the ownership rate, reaching 70 percent by 2030.
He emphasized that the mortgage finance sector is undergoing significant growth; last January, more than 9,000 housing finance contracts worth more than SR4.7 billion ($1.25 billion) were signed.

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Saudi Arabia

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Saudi Housing Ministry

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