Middle East Economic Survey

VOL. LIV

No 13

28-Mar-2011

SAUDI ARABIA

Saudi Arabia Intensifies Efforts To Meet Soaring Housing Demand, BSF Says

As the housing market in Saudi Arabia continues to struggle with a shortage of supply, home ownership affordability has been placed firmly out of reach for the majority of young Saudis, according to the 20 March Banque Saudi Fransi (BSF) Economic Report. With upward pressure on asking prices for both apartments and villas gaining momentum, there is a...