Saudi Household Ownership Rate Skyrockets to 65.4% in 2024, Exceeding 2025 Target
In a groundbreaking achievement, Saudi Arabia has surpassed its target for household ownership rate a year ahead of schedule. The latest data reveals that the household ownership rate in the Kingdom has reached an impressive 65.4% in 2024, exceeding the projected rate for 2025.
This remarkable milestone signifies a significant increase in the number of Saudi families owning their homes, showcasing the government’s commitment to providing affordable housing options for its citizens. The surge in household ownership reflects the success of various housing programs and initiatives implemented by the Saudi government to address the housing needs of its people.
With the household ownership rate surpassing expectations, Saudi Arabia has demonstrated its dedication to improving the quality of life for its residents and promoting sustainable homeownership. The achievement not only highlights the government’s efforts in ensuring housing affordability but also underscores the positive impact it has on the overall well-being of Saudi families.
As the Kingdom continues to prioritize housing as a key component of its national development agenda, the soaring household ownership rate serves as a testament to the success of its housing policies and programs. The impressive growth in homeownership reflects a thriving housing market and a strong commitment to providing accessible and affordable housing options for all Saudi citizens.
