A group of real estate developers have listed their demands to revitalise and develop the sector during the closing session of a summit held recently. These measures included activating mortgage finance for units under construction, as was the case before 2008. In addition, they called for including the real estate sector in initiative to support industry, agriculture with 11% interest rate loans, and changing the work system in the real estate sector through shifting to construction and then selling to avoid price variables and continuous cost burdens. Moreover, provide mortgage financing or bank financing with acceptable interest, as well as making a package of tax and economic incentives for real estate developers to ensure the continuity of the sector. They called on the government to find comprehensive and integrated solutions for developers, and find a mechanism to compensate losses of real estate developers, similar to contractors, to ensure the continuity of the real estate sector and enhance its contribution to GDP.
