2012-10-05 12:23:45 - Housing demand in Saudi Arabia is projected to grow at a CAGR of 20% during 2011-2013, says RNCOS in its research report.
Saudi Arabian housing industry has come up as a significant segment of the real-estate industry. The housing industry in the Kingdom has become one of the fastest growing housing industries in the Middle-East region with large number of upcoming residential projects. The housing industry in Saudi Arabia has also seen remarkable growth in the past due to the emergence of a number of real-estate developers, the growing demand for real-estate finance, and residential property. Young population-base, government funding, and booming economy have facilitated the region’s housing industry to become one of the fastest growing housing industry in the Middle Eastern region. Moreover, it is expected that, the demand for Saudi Arabia housing industry is growing at a CAGR of around
20% during 2011-2013.
According to our market research report, “Saudi Arabia Housing Sector Outlook”, the housing sector has been witnessing revolutionary changes on the back of emergence of global furniture brands. Today, quality has become the special focus area, which was once used to be a challenge for local manufacturers. Moreover, we expect that, the household furniture market will undergo a phenomenal development phase.
Ongoing analysis found that, the simple lines and clarity in designer furniture products are in great demand in the country. Dark red and black colors are the key furniture tones favored the most. Additionally, more flexible, functional, and smaller furniture, which incorporates more than one function is receiving acceptance in the Saudi market. Besides, local manufacturers are taking other alternatives of wood in the view to reduce the environmental effects.
Besides, in the report, factors critical to the success of Saudi Arabian housing industry is also analyzed. Key players in the market are also identified and their detail business descriptions along with recent activities are also included. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the Kingdom’s housing sector.
Our report, “Saudi Arabia Housing Sector Outlook”, is an outcome of extensive research and thorough analysis of the growing housing industry in Saudi Arabia. It includes forecasts for key real-estate segments, such as real-estate finance, housing demand to present a better understanding of the Saudi Arabian housing industry. It has also identified key players in the market and included their detail business description and their recent activities. Most importantly, the report also provides future forecast on the industry based on correlation of past drivers, challenges, and opportunities for expansion.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM213.htm
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