The impact of the mortgage on the real estate market: a study case in Saudi Arabia

IF 1.5 Q3 URBAN STUDIES

International Journal of Housing Markets and Analysis Pub Date : 2022-09-22 DOI:10.1108/ijhma-06-2022-0085

Samar Ajeeb, W. S. Lai

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引用次数: 0

Abstract

Purpose This study attempts to find the response of the real estate market to economic changes by identifying cause-effect relationships between mortgage, residential investment, and Saudi employment. Design/methodology/approach A quantitative approach to analytically examine the relationship among the variables. To find out the impact of investment, mortgage and Saudi employment on the Saudi real estate growth from 1970 to 2019. All data sets were obtained from the General Authority for Statistics (GAST), Saudi Central Bank (SAMA) and World Bank Group. Findings This study reveals a positive relationship between the mortgage and GDP in the Saudi Arabian real estate market. The same results for employment and investment; both have a positive effect on the GDP of the real estate market. Research limitations/implications Analyzing the impact of real estate financing on various industries and the extent to which it is related to employment and unemployment rates is essential for future research. Moreover, this research can be applied to different countries and compared based on similarities and differences in implementing mortgage-related policies. Practical implications The government must encourage investment in various ways and establish a stable structure that ensures market stability and finds a balance between supply and demand. Social implications This study reflects the importance of real estate financing not only to individuals and governments but also to investors and business workers, and it is essential to analyze the impact of real estate financing on various industries, as well as the extent to which it is related to employment and unemployment rates. This research can be applied to different countries and compared based on similarities and differences in the implementation of mortgage-related policies. Originality/value This study contributes to testing this study’s hypothesis: that mortgage positively impacts the real estate market of Saudi Arabia.

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抵押贷款对房地产市场的影响——以沙特阿拉伯为例

目的本研究试图通过确定抵押贷款、住宅投资和沙特就业之间的因果关系，找到房地产市场对经济变化的反应。设计/方法/方法一种定量的方法来分析检验变量之间的关系。找出1970年至2019年投资、抵押贷款和沙特就业对沙特房地产增长的影响。所有数据集均来自统计总局(GAST)、沙特中央银行(SAMA)和世界银行集团。本研究揭示了沙特阿拉伯房地产市场抵押贷款与GDP之间的正相关关系。就业和投资也是如此;两者对房地产市场的GDP都有积极的影响。分析房地产融资对各个行业的影响及其与就业和失业率的关系程度对未来的研究至关重要。此外，这项研究可以应用于不同的国家，并根据实施抵押贷款相关政策的异同进行比较。实践启示政府必须鼓励多种形式的投资，建立一个稳定的结构，保证市场稳定和供需平衡。本研究反映了房地产融资不仅对个人和政府，而且对投资者和商业工作者的重要性，分析房地产融资对各个行业的影响，以及它与就业和失业率的关系程度是必要的。这项研究可以应用于不同的国家，并根据抵押贷款相关政策实施的异同进行比较。独创性/价值本研究有助于检验本研究的假设:抵押贷款对沙特阿拉伯房地产市场产生积极影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Housing Markets and Analysis URBAN STUDIES-

CiteScore

2.80

自引率

29.40%

发文量