AI Summary
Saudi Arabian banknotes
Residential mortgages granted to individuals by banks in Saudi Arabia leapt 28% year-on-year (YoY) to SAR 8.91 billion in February 2025, data issued by the Saudi Central Bank (SAMA) showed.
According to the data, 11,800 contracts were concluded between banks and individuals in February.
The average value of the new residential mortgage increased to SAR 758,000, rising by 4% YoY.
Financing for residential villas accounted for the largest share of the total mortgages provided by banks during the month, with a value of SAR 5.57 billion, at 63%. Residential apartments came in second place with SAR 2.89 billion, followed by land plots with SAR 436 million.
|
New Residential Mortgages by Product Type (SAR mln)* |
|||
|
Period |
Villas |
Apartments |
Lands |
|
January 2024 |
5132 |
1967 |
440 |
|
February |
4529 |
1980 |
433 |
|
March |
4912 |
2237 |
474 |
|
April |
3681 |
1389 |
270 |
|
May |
5114 |
2153 |
408 |
|
June |
3427 |
1616 |
263 |
|
July |
4380 |
2262 |
429 |
|
August |
3791 |
2446 |
362 |
|
September |
3883 |
2540 |
397 |
|
October |
4828 |
2855 |
458 |
|
November |
6502 |
3155 |
408 |
|
December |
8120 |
3486 |
335 |
|
January 2025 |
6638 |
3351 |
475 |
|
February |
5573 |
2899 |
436 |
Residential mortgages granted to individuals by financing firms in Saudi Arabia dropped by 26% YoY to SAR 198 million.
|
Residential Mortgages to Individuals from Financing Firms (SAR mln)* |
|||
|
Year |
2024 |
2025 |
Change |
|
January |
273 |
224 |
(18%) |
|
February |
268 |
198 |
(26%) |
|
March |
225 |
-- |
-- |
|
April |
143 |
-- |
-- |
|
May |
252 |
-- |
-- |
|
June |
160 |
-- |
-- |
|
July |
193 |
-- |
-- |
|
August |
161 |
-- |
-- |
|
September |
202 |
-- |
-- |
|
October |
254 |
-- |
-- |
|
November |
201 |
-- |
-- |
|
December |
235 |
-- |
-- |
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