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Value of Jeddah real estate expected to increase over next two years

Saudi Gazette – April 04, 2015 12:52 PM
Value of Jeddah real estate expected to increase over next two years | Economy | Saudi Gazette// // Saudi Gazette – Value of Jeddah real estate expected to increase over next two years
Value of Jeddah real estate expected to increase over next two years
JEDDAH —  The majority of Saudis believe that real estate rates in Jeddah will not only hold value, but keep going up at least for the next two years, according to a survey conducted earlier in March this year.The survey, conducted by YouGov and commissioned by National Exhibitions Company, found out that 58 percent of the respondents expect real estate values to remain constant or increase over the coming two years.

The survey by YouGov, the company that organizes the upcoming Cityscape Jeddah, Jeddah Urban Development and Real Estate Investment Event, said about 36 percent of respondents believed that the proposed transport infrastructure improvements in the western region would push prices higher.

Bank Muscat extends baituna home finance for Dar Al Zain’s key project

Times of Oman – April 04, 2015

Muscat: Bank Muscat, the flagship financial services provider in the Sultanate, and Zain Development signed a memorandum of understanding (MoU) to provide attractive baituna home finance for Dar Al Zain phase 5 & 6 projects in Sur Al Hadid, Al Seeb.Abdullah Tamman Al Mashani, AGM – Direct & Institutional Sales, and Mohammed Moosa, Chairman of Zain Development, signed the MoU at Dar Al Zain project premises.

Abdullah Tamman Al Mashani said: “Bank Muscat is proud to be associated with Dar Al Zain project and facilitate attractive baituna finance for prospective home buyers. The real estate sector is a major component of the national economy and Bank Muscat is committed to extending all possible support to achieve the objective of a ‘home for every family’, especially youth. baituna home finance is aimed at offering citizens and residents easy access to mortgage finance, thereby contributing to revitalisation of the real estate sector and enhancing its role in the national economy.”

Customs Today Newspaper – April 04, 2015

Portugal’s real estate investment to rise to €1bn in 2015 | Customs Today Newspaper

LISBON: According to Aguirre Newman SA, a real estate consulting company in Lisbon, the Investment in Portuguese real estate in 2015 will rise to about €1 billion in 2015 from €730 million last year as private equity funds enter the market, according to Aguirre Newman SA, a real estate consulting company in Lisbon. Portugal’s economic growth will accelerate to 1.7 percent this year from 0.9 percent last year, bolstered by exports and investment, according to forecasts by the country’s central bank.

A Blackstone spokesperson declined to comment. Markus Esser, head of communications at Commerz Real, Commerzbank’s property fund manager, also declined to comment.

“We won’t comment on any possible talks, although I can confirm there are plans to sell the two malls in Portugal,” Esser said today by phone.

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