February 8, 2023

Economist writer Abdul Hamid Al-Omari said the Shura Council’s request for an increase in subsidized housing credit would increase demand for property and drive up its prices.

He added that under the Yahla program, the shura’s demand for more subsidized housing credit has serious implications for the private sector, citizens and the financial sector.

He added that the ongoing reforms are helping to eliminate the “primitive” developers who built the “Karatine Villas”.

Al-Omari noted that there are more than 77,000 defaulters on home loans, and their number continues to grow.

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