Retail residential mortgages fall 11% to SAR 5.9B in August
A SAR 500 currency note. Banks signed 8,000 residential mortgage contracts with individuals in August.
Residential mortgages granted to individuals by banks in Saudi Arabia fell 11% year-on-year (YoY) to SAR 5.86 billion in August 2025, data issued by the Saudi Central Bank (SAMA) showed.
Banks signed 8,000 residential mortgage contracts with individuals during the month, according to SAMA data.
The average value of new residential mortgages rose 1.6% YoY to SAR 736,000.
Residential villas accounted for the largest share of bank-led mortgage financing in August, reaching SAR 3.74 billion, or 64% of the total. Residential apartments followed with SAR 1.76 billion, while land plots accounted for SAR 357 million.
New Residential Mortgages by Product Type (SAR mln)* |
|||
Period |
Villas |
Apartments |
Lands |
January 2024 |
5,132 |
1,967 |
440 |
February |
4,529 |
1,980 |
433 |
March |
4,912 |
2,237 |
474 |
April |
3,681 |
1,389 |
270 |
May |
5,114 |
2,153 |
408 |
June |
3,427 |
1,616 |
263 |
July |
4,380 |
2,262 |
429 |
August |
3,791 |
2,446 |
362 |
September |
3,883 |
2,540 |
397 |
October |
4,828 |
2,855 |
458 |
November |
6,502 |
3,155 |
408 |
December |
8,120 |
3,486 |
335 |
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 |
Residential mortgages granted to individuals by financing firms in Saudi Arabia rose by 4% YoY to SAR 167 million in August.
Residential Mortgages to Individuals from Financing Firms (SAR mln)* |
|||
Year |
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 |
-- |
-- |
October |
254 |
-- |
-- |
November |
201 |
-- |
-- |
December |
235 |
-- |
-- |
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