(MENAFN) Roughly one in two Saudi residences is purchased, not rented, as found in the recent 2017 housing census.
General Authority for Statistics (GaStat) showed 49.91% of homes in Saudi Arabia to be owned, based on a survey carried out last year.
However, the figures don't cover owned housing units that are built using non-reinforced construction materials, for instance, stone and clay.
Residences that were constructed with non-reinforced materials have seen a decline in quantity of 10% last year, compared to 13.38% in 2016.
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