Retail home mortgages drop 15% to SAR 5.8B in September

Saudi Arabian banknotes
Bank home mortgages granted to individuals in Saudi Arabia fell by 15% year-on-year (YoY) to SAR 5.82 billion in September 2025, data released by the Saudi Central Bank (SAMA) showed.
Banks signed nearly 8,000 residential mortgage contracts with individuals during the month, according to SAMA data.
The value of new home mortgages was down by 1% YoY to SAR 728,000.
Villa mortgages accounted for the largest share of the total bank financing provided in September, accounting for 63%, or SAR 3.69 billion. Apartments and land plots followed with SAR 1.82 billion and SAR 303 million, respectively.
|
New Mortgages by Product Type (SAR mln)* |
|||
|
Period |
Villas |
Apartments |
Lands |
|
January 2025 |
6,638 |
3,351 |
475 |
|
February |
5,573 |
2,899 |
436 |
|
March |
5,186 |
2,798 |
415 |
|
April |
3,930 |
2,064 |
304 |
|
May |
4,992 |
1,850 |
534 |
|
June |
3,259 |
1,577 |
482 |
|
July |
4,114 |
1,931 |
371 |
|
August |
3,741 |
1,762 |
357 |
|
September |
3,692 |
1,826 |
303 |
The new residential mortgages provided by finance firms for individuals grew by 2% YoY to SAR 206 million in September.
|
Residential Mortgages from Banks to Individuals (SAR mln)* |
|||
|
Period |
2024 |
2025 |
Change |
|
January |
273 |
224 |
(18%) |
|
February |
268 |
198 |
(26%) |
|
March |
225 |
197 |
(13%) |
|
April |
143 |
214 |
+ 49% |
|
May |
252 |
191 |
(24%) |
|
June |
160 |
169 |
+ 5% |
|
July |
193 |
185 |
(4%) |
|
August |
161 |
167 |
+ 4% |
|
September |
202 |
206 |
+ 2% |
|
October |
254 |
-- |
-- |
|
November |
201 |
-- |
-- |
|
December |
235 |
-- |
-- |
*Doesn’t include interest on financing.
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