AI Summary
The new residential mortgage loans grew by 2% YoY to SAR 748,300 in July 2025
Residential mortgages provided by banks to individuals edged down 9% year-on-year (YoY) to SAR 6.42 billion in July, data issued by the Saudi Central Bank (SAMA) showed.
The total number of residential mortgage contracts signed between banks and individuals reached approximately 8,600 during the month.
The average value of new residential mortgage loans grew by 2% YoY to SAR 748,300 during the same period.
Mortgages for residential villas accounted for the largest share of total bank financing, amounting to SAR 4.11 billion, or 64% of the total, in July. Apartments followed with SAR 1.93 billion, while land plots came in third at SAR 371 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 |
*Does not include interest
New residential mortgage financing provided to individuals by financing companies fell by 4% YoY to approximately SAR 185 million in July.
|
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 |
-- |
-- |
|
September |
202 |
-- |
-- |
|
October |
254 |
-- |
-- |
|
November |
201 |
-- |
-- |
|
December |
235 |
-- |
-- |
*Does not include interest
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