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Saudi lending programme seeks to revive mortgage market
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Saudi lending programme seeks to revive mortgage market
New loans down by more than 50% Combines lending and supply Aims to help first-time buyers Saudi Arabia has launched a programme to help first-time buyers get mortgages, after new home loans fell by more than half over the past year, jeopardising the kingdom’s 2030 homeownership target. The scheme was launched by the Real Estate Development Fund (REDF) in partnership with Saudi National Bank (SNB) and the National Housing Company (NHC). The bank…
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