Housing sector in Saudi Arabia: a study of challenge and opportunities of homeownership for the middle and low income

Abstract

The objective of study is to demonstrate and identify of the major problems and challenges to access housing sector in Saudi Arabia. The reasons behind these problems will be also illustrated. The study will also emphasize on affordable housing and homeownership for the middle and low income. The study is divided into two main parts. The first part provides a theoretical review of selected literature from many source related to the study. The second part provides analysis of data collection. This part is using, comprising different research techniques. The research techniques used are analysis of a selection television programs, Interviews with real estate developers, E- Questionnaire and face interview with people. Finally, the study gives some recommendation that would help to solve this housing crisis. The main conclusions are the majority of households live in rent. They are unable to purchase houses is due to rise in land prices and funding difficulties. The legislative framework in housing sector contributed directly on housing crisis.