Oct 01 2011
|more articles from|
IMF warns Saudis against housingshortage, proposes solutions
The IMF country report No. 11/292 issued this September stopped short of dwelling on the destabilizing long-term effects of the current housing shortage.
It stressed the lack of available affordable housing due to demographic factors and bottlenecks in the real estate market, growing population with smaller average size of households and continued urbanization - factors that have sharply increased demand for housing in recent years.
© Copyright Zawya. All Rights Reserved.