Housing Ministry approves subsidised loans for market’s ready-made units
Saudi Arabia’s Housing Ministry allowed beneficiaries to get subsidised mortgage loans on ready-made residential units directly from the market, not just from Ministry projects. The step is aiming to give citizens more housing options from which they can choose. The ready-made units have to meet the regulations of subsidised housing and have to be approved by lenders, whether banks or real estate finance firms, according to the Ministry.
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