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FINANCIAL NEWS
Majority of Saudis are not homeowners: Govt
01 Jan 2013
The Saudi Central Department of Statistics and Information (CDSI) stated that 65 percent of Saudis do not own their own houses, reported Saudi Gazette.
According to CDSI, a major contributor to this issue is the gap between land prices and the average income of Saudis. CDSI noted that seventy percent of government officials are paid salaried below SR8,000.
In addition, CDSI noted that the increasing population is adding to the issue, with current population standing at over 28 million.
It is worth mentioning that the Saudi Real Estate Development Fund is currently looking into 2,400,000 housing loan applications to be approved.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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