Al-Marsad newspaper: The real estate expert Ahmed Al-Shuhail said that Saudi banks have become more appetite for financing because previously it was subject to careful work that protects the bank system. financing.
Al-Shuhail explained during an interview with him on the “Saudi Channel” that the phased ownership is an idea that was transferred from abroad and was implemented well in the beginning of 2005, and apartments were offered at prices of 300 and 400 thousand riyals.
He added: In the recent period, there has been great growth, especially in major cities, and financing is over 40 years old. The first property is also exempted from the real estate transaction tax.
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