House prices in Saudi Arabia are expected to rise further on the back of high demand for homes and a slow rollout of developments, with figures suggesting housing requirements will continue to outstrip supply even as new projects reach completion.
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Economic update | Saudi housing market under pressure
22 Dec 2014
Articles & Analysis | Mega-projects abound as a nation rebuilds itself from The Report: Egypt 2014
Like many sectors in the country, construction has had more than its fair share of challenges in recent years. Yet in spite of the downside risks, the prospects for the building industry have not been brighter for decades. As Ayman Tolba, the chairman and CEO of Leena Real Estate, told OBG, “Egypt’s young and growing population can support strong growth in the construction of...
Interviews & Viewpoints | OBG talks to Iyad Malas, CEO, Majid Al Futtaim Holding from The Report: Egypt 2014
Articles & Analysis | Amnesty proposed for registration and repairs on unlicensed housing from The Report: Egypt 2014
A tried and tested solution to many breaches of the law throughout the world is to legalise the activity – and then tax it. This is the approach the Egyptian authorities have considered towards the issue of illegal construction. A draft law put forward in August 2014 will permit an amnesty period of six months in an attempt to tackle a problem that has existed for decades, but...
Articles & Analysis | Home loan availability is gradually broadening from The Report: Egypt 2014
Mortgages on property of all kinds have been available in Egypt for the past 13 years since the relevant law, No. 148, was introduced in August 2001. Yet only recently have there been moves to provide financing for home-buyers seeking to repay their loans over longer periods of up to 20 years. It is estimated that as many as two-thirds of individual home purchases are paid for...
Articles & Analysis | Stability sees sales and building on the rise from The Report: Egypt 2014
After a sharp decline in real estate activity in 2011, the market has crawled back and many companies should see full-year figures for 2014 return to pre-revolution levels. Players in the market predicated their expectations for the year on continued stability. They were not disappointed, and higher sales volumes and values have been reported throughout 2014 as Egyptians...