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07 September, 2015

62 percent of Saudis own homes

The percentage of Saudis owning homes has increased to 62 percent in 2011 from 60 percent in 2010, according to an international housing finance information network.

07 September 2015
RIYADH: The percentage of Saudis owning homes has increased to 62 percent in 2011 from 60 percent in 2010, according to an international housing finance information network.

The general statistics and information department of the Ministry of Economy and Planning released this data as part of a census for various regions of the Kingdom.

In Riyadh, the number of homes owned by Saudis reached 48.3 percent. In this city 45 percent live in rented houses. Only 6.2 percent of families receive accommodation from employers, whereas 0.6 percent of Saudi families living in Riyadh come under other categories.

In Dammam, 42.4 percent and in Jeddah 42.6 percent of Saudi families own homes. In Makkah and Madinah the ratio is 54.4 percent and 55 percent respectively.

The total number of Saudi families who owned homes in 2010 was 1.8 million, which was 60 percent of the total number of Saudi families. The number of Saudi families living in rented houses reached 34.8 percent. There are 135,800 Saudi families living in accommodation provided by their employers, comprising just 4.5 percent of all Saudi families.

The total number of homes occupied by Saudi families is around 3 million. Most of these are residential apartments, or 34.3 percent of total Saudi homes. This is followed by 805,700 independent homes (26.9 percent). There are 763,700 residential villas (25.5 percent) occupied by Saudis.

Saudis occupy around 541,100 homes made of brick, clay and stone, or tents. Non-Saudis live in more than 478,600 such homes.

© Arab News 2015