Al-Marsad Newspaper: Abdul Hamid Al-Omari, a member of the Saudi Financial Society, disclosed the cause for the rise in house costs.
He said throughout his speech with the “Yahla” program broadcast on the “Rotana Khaleejia” channel: “The enhance in real estate price ranges in the residential sector is thanks to the adaptability and relieve of pumping out actual estate loans.”
He ongoing: “Today we have arrived at a period of seasonal stagnation and prices are pretty much stable and there have been no significant raises or decreases, as transpired with the decline in loans”.
He extra, there is an imminent drop in rates due to lack of lending levels, predicting that the fall will come about just after 12 months have passed, possibly early next Ramadan, or up coming summer time.
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