AI Summary
Saudi banknotes
Mortgages for residential villas accounted for the largest share of total bank financing, amounting to SAR 4.99 billion or 68% of the total in May. Apartments followed with SAR 1.85 billion, while land plots came in third at SAR 534 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 |
New residential mortgage financing provided to individuals by financing companies fell by 24% to approximately SAR 191 million in May.
|
Residential Mortgages to Individuals from Financing Firms (SAR mln)* |
|||
|
Year |
2024 |
2025 |
Change |
|
January |
273 |
224 |
(18%) |
|
February |
268 |
198 |
(26%) |
|
March |
225 |
197 |
(12%) |
|
April |
143 |
214 |
+49% |
|
May |
252 |
191 |
(24%) |
|
June |
160 |
-- |
-- |
|
July |
193 |
-- |
-- |
|
August |
161 |
-- |
-- |
|
September |
202 |
-- |
-- |
|
October |
254 |
-- |
-- |
|
November |
201 |
-- |
-- |
|
December |
235 |
-- |
-- |
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