Saudi Gazette – Slums Highlight Wider Housing Gap

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Saudi Gazette. Jan.11, 2014. JEDDAH — The authorities are quietly planning to raze slums in Jeddah to make way for newer, restored neighborhoods as part of a wider plan to keep up with soaring demand for affordable housing.
A gap between what is available on the market and what many Saudis can afford has left people frustrated and accusing officials of corruption. A shortage of low- and middle-income housing means millions of Saudis cannot afford to buy a home.
Young Saudis are especially affected since it takes years of saving before many can afford to buy a home, often a precursor to marriage.

To address the housing shortage and public grumbling, the city of Jeddah is a testing ground for a plan that includes getting rid of most of its roughly 50 unplanned settlements, which comprise a third of its built-up area, according to municipality figures.
In their place, the city plans to build subsidized housing complexes for Saudis.

Read more: http://www.saudigazette.com.sa/20140112192242

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