Is the money saved to be paid as a down payment for a house, the price of which has not yet been determined, considered a debt that would exempt it from Zakat this year and in the years to follow?

Since the Hawl (one year) has passed before the completion of the purchase, the expected price is not considered a debt that would exempt from Zakat (definition). Therefore, Zakat must be paid on the entire amount. However, if the sale contract was concluded and the Hawl passes in the future, then one should consider the debts owed and deduct them from the amount owned. If the remaining amount reaches the Nisab (definition) (minimum threshold), Zakat becomes obligatory; otherwise, it does not, because the majority of scholars hold the view that debt exempts from Zakat on internal wealth.