Posts

Showing posts with the label Saudi

Saudi need 973,000 homes

Image
Saudi need 973,000 homes Saudi 'in need of another 973,000 affordable homes' moladi - Village Concept - New Town - New Cities Saudi Arabia will need an additional 973,000 housing units by 2015 and a total of 2.1 million units over the coming decade (215,000 units per year), said a new report by NCB Capital, Saudi Arabia’s leading wealth manager. The NCB Capital in its latest report analyses the Kingdom’s real estate strategy and examines the key benefits and obstacles to affordable housing. According to the report, moral, social and economic reasons make provision of affordable housing central to development of a nation. “Using a definition of affordability where no more than 30-35 per cent of median income is spent on housing, we find that a lack of supply of affordable homes is a significant concern in the Middle East as a whole as well as in Saudi Arabia,” remarked Farouk Miah, acting head of Equity Research at NCB Capital. “Despite the important role the governmen...

Affordable homes Saudi buyers struggle to find low cost homes

Saudi buyers struggle to find affordable homes - Emirates Affordable homes Saudi buyers struggle to find low cost affordable homes There is a shortfall of around one million housing units in Saudi Arabia, the largest Arab economy with a population of 27 million, the report said, citing government sources.With the mortgage market representing only 2 percent of the gross domestic product of the top oil exporter, mortgage credit is limited, making affordability more difficult for low and middle-income earners."Developers continue to show bias towards developing mid to high-income housing units. This has created a large pool of untapped demand for low-cost housing ." Keywords - Affordable homes, Saudi, buyers, million housing units, low, income, middle-income, housing, human settlements, concrete homes, low cost housing, moladi, formworh, poor, homeless

For more on moladi

Housing construction costs in Yemen: Affordability & Purchasing Power - Middle East News

What is the cost to 3D print a house?

Moladi reduces high costs of conventional building techniques through new technology