15 Days
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صحيفة مكة
Real Estate Fund Introduces Housing Readiness Index
The Saudi Real Estate Development Fund has launched the first of its kind indicator to measure citizens' readiness to own their first home, called the Homeownership Readiness Index (HRI). The purpose of this index is to monitor consumer confidence in the housing market and analyze four main factors that influence the decision to purchase: the desire to buy, confidence in obtaining financing, ease of access to housing finance, and the ability to provide the down payment. The index is published quarterly and offers insights into citizens' aspirations and the challenges they face, thereby supporting decision-making, enhancing housing policies, and fostering innovative financing solutions to achieve the objectives of Saudi Arabia's Vision 2030. The first version of the index serves as a future benchmark to track changes and analyze levels of market readiness.
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