Saudi Arabia’s real estate sector is in the midst of a boom and affordability among Saudi citizens for housing is becoming increasingly stretched, which may tempt the authorities to loosen lending criteria in a bid to meet their Vision 2030 targets for homeownership. This would serve to further bind the fortunes of the banking sector to those of the property market, although banks are well placed to cope if the property boom were to turn to bust.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.