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Retiree home ownership in Saudi Arabia: the role of geographic, demographic, social and economic variables

Author

Listed:
  • Rshood M. Al-Khraif

    (Center for Population Studies, King Saud University)

  • Abdullah N. Al-Mutairi

    (Center for Population Studies, King Saud University)

  • Khaled O. Alradihan

    (King Saud University)

  • Asharaf Abdul Salam

    (Center for Population Studies, King Saud University)

Abstract

Home ownership has implications for a family’s empowerment and quality of life, especially post-retirement. Economic conditions, the cost of living, and child-rearing create barriers to accumulating immovable assets, including the home. This study identifies the determinants of home ownership among retirees—geographic, demographic, social and economic variables—and explains the effect using data drawn from five administrative areas in Saudi Arabia (Riyadh, Madina, Eastern, Jazan, and Jouf) representing planning regions (Northern, Southern, Eastern, Western and Central). A large proportion of retirees (82%) own a home (purchased before or after retirement), with regional differences. Retirees from Jouf and Jazan have higher ownership rates than their counterparts in Riyadh, Madina, or Eastern, with rates affected by geographic, demographic, social, and economic factors. As determinants, geographic and demographic factors have major roles while economic factors play a typical role in decision-making. A mix of higher education, professional employment, longer duration of employment and higher salaries, when combined with locational preferences and family requirements, motivate or enable home ownership. Retiree home-ownership is important to dignified post-retirement (old-age) life, and so measures and policies may be strengthened to empower people to own homes during their working life.

Suggested Citation

  • Rshood M. Al-Khraif & Abdullah N. Al-Mutairi & Khaled O. Alradihan & Asharaf Abdul Salam, 2018. "Retiree home ownership in Saudi Arabia: the role of geographic, demographic, social and economic variables," Journal of Population Research, Springer, vol. 35(2), pages 169-185, June.
    • Handle: RePEc:spr:joprea:v:35:y:2018:i:2:d:10.1007_s12546-018-9202-2
    DOI: 10.1007/s12546-018-9202-2
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    2. Rshood Al-Khraif & Asharaf Abdul Salam & Mohd Fadzil Abdul Rashid, 2020. "Family Demographic Transition in Saudi Arabia: Emerging Issues and Concerns," SAGE Open, , vol. 10(1), pages 21582440209, March.

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