AI Summary
Saudi Arabian banknotes
According to data from the Saudi Central Bank (SAMA), the total contracts concluded between banks and individuals during November 2025 reached 6,800 contracts.
The average value of new mortgage financing declined to SAR 660,000, down 14% compared with the average mortgage financing value in November 2024.
Financing provided for residential villas accounted for the largest share of total bank financing during November at SAR 2.87 billion, representing 64%, down 56% year-on-year (YoY).
Residential apartments came second with SAR 1.29 billion, declining 59% during the period, while financing for land reached about SAR 297 million.
|
Details of New Residential Financing by Product Type (SAR mln)* |
|||
|
Month |
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 |
|
October |
3,668 |
1,522 |
357 |
|
November |
2,872 |
1,295 |
297 |
*Does not include financing interest amounts.
As for new residential mortgage financing provided to individuals by finance companies, it rose by around 50% in November, reaching approximately SAR 301 million, its highest level in two years.
|
(SAR mln) Residential Mortgage Provided to Individuals by Finance Companies |
|||
|
Month |
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 |
217 |
(15%) |
|
November |
201 |
301 |
+50% |
|
December |
235 |
-- |
-- |
Be the first to comment
Comments Analysis: