Saudi Arabia’s mortgage law will be submitted to King Abdullah for approval after the Shura Council completes its discussions next week, according to a senior member of the Council. The country has never had legislation covering mortgage and property finance and the law will regulate the use of mortgages, including registration and providing court authority over their use.

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Here's where the real housing affordability crisis exists

Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time?

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3d rendering of a row of luxury townhouses along a street

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