AI Summary
Saudi Arabian banknotes
Residential mortgages granted to individuals by banks in Saudi Arabia retreated 40% year-on-year (YoY) to SAR 5.37 billion in February 2026.
According to data issued by SAMA, 8,400 contracts were concluded between banks and individuals in February.
The average value of new residential mortgages declined by 15% YoY to SAR 643,000 during the same month.
Financing for residential villas accounted for the largest share of the total mortgages provided by banks, with a value of SAR 3.42 billion (64%).
Residential apartments came in second place with SAR 1.61 billion, while land plots reached approximately SAR 330 million.
|
Residential Mortgages to Individuals by Product Type (SAR mln)* |
|||
|
Period |
Villas |
Apartments |
Land Plots |
|
January 2025 |
6638 |
3351 |
475 |
|
February |
5573 |
2899 |
436 |
|
March |
5186 |
2798 |
415 |
|
April |
3930 |
2064 |
304 |
|
May |
4992 |
1850 |
534 |
|
June |
3259 |
1577 |
482 |
|
July |
4114 |
1931 |
371 |
|
August |
3741 |
1762 |
357 |
|
September |
3692 |
1826 |
303 |
|
October |
3668 |
1522 |
357 |
|
November |
2872 |
1295 |
297 |
|
December |
3774 |
1428 |
346 |
|
January 2026 |
4079 |
1699 |
411 |
|
February |
3425 |
1616 |
330 |
*Does not include financing interest.
Residential mortgages granted to individuals by financing firms rose by 22% YoY to SAR 241 million in February.
|
Residential Mortgages to Individuals from Financing Firms (SAR mln)* |
|||
|
Period |
2025 |
2026 |
Change |
|
January |
224 |
176 |
(21%) |
|
February |
198 |
241 |
+22% |
|
March |
197 |
-- |
-- |
|
April |
214 |
-- |
-- |
|
May |
191 |
-- |
-- |
|
June |
169 |
-- |
-- |
|
July |
185 |
-- |
-- |
|
August |
167 |
-- |
-- |
|
September |
206 |
-- |
-- |
|
October |
217 |
-- |
-- |
|
November |
301 |
-- |
-- |
|
December |
219 |
-- |
-- |
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