Saudi Arabian banknotes
Mortgage loans provided to retail clients by banks in Saudi Arabia increased 32% year-on-year (YoY) to SAR 12.99 billion in August, data issued by the Saudi Central Bank (SAMA) showed.
When compared to the previous month, mortgage loans rose by around SAR 4.6 million in August.
|
New Retail Housing Loans (SAR mln)* |
|||
|
Period |
2020 |
2021 |
Variation |
|
January |
9692 |
16041 |
+66% |
|
February |
10590 |
13748 |
+30% |
|
March |
10894 |
16946 |
+56% |
|
April |
7650 |
13932 |
+82% |
|
May |
7791 |
8824 |
+13% |
|
June |
13120 |
7508 |
(43%) |
|
July |
10776 |
8398 |
(22%) |
|
August |
9866 |
12994 |
+32% |
|
September |
12993 |
-- |
-- |
|
October |
12148 |
-- |
-- |
|
November |
15266 |
-- |
-- |
|
December |
15412 |
-- |
-- |
*Does not include interest
Villa mortgages topped the list, accounting for 78%, or SAR 10.12 billion, of total housing loans provided in August.
Apartments and land plots followed with SAR 2.36 billion and SAR 510 million, respectively.
|
New Retail Housing Loans by Product Type (SAR mln)* |
|||
|
Period |
Villas |
Apartments |
Land |
|
January 2021 |
12644 |
2417 |
980 |
|
February |
11047 |
2092 |
610 |
|
March |
13681 |
2568 |
697 |
|
April |
11220 |
2361 |
350 |
|
May |
7085 |
1329 |
410 |
|
June |
5819 |
1301 |
388 |
|
July |
6572 |
1481 |
345 |
|
August |
10122 |
2362 |
510 |
*Does not include interest
A total of 27,000 contracts were signed between banks and retail clients in the same month, an increase of 24% YoY.
|
New Retail Housing Loans Contracts by Banks* |
|||
|
Period |
2020 |
2021 |
Variation |
|
January |
23471 |
32330 |
+38% |
|
February |
24676 |
26376 |
+7% |
|
March |
23141 |
31826 |
+38% |
|
April |
17856 |
25308 |
+42% |
|
May |
15462 |
17166 |
+11% |
|
June |
26137 |
17544 |
(33%) |
|
July |
23909 |
18486 |
(23%) |
|
August |
21755 |
26974 |
+24% |
|
September |
27390 |
-- |
-- |
|
October |
25483 |
-- |
-- |
|
November |
30017 |
-- |
-- |
|
December |
29960 |
-- |
-- |
*Does not include interest
Financing firms provided new mortgages for residential units worth SAR 336 million in August, a growth of 29% YoY.
|
Volume of New Retail Housing Loans Contracts by Financing Companies (SAR mln)* |
|||
|
Period |
2020 |
2021 |
Variation |
|
January |
565 |
391 |
(31%) |
|
February |
459 |
380 |
(17%) |
|
March |
325 |
515 |
+59% |
|
April |
90 |
343 |
+281% |
|
May |
201 |
254 |
+26% |
|
June |
742 |
194 |
(74%) |
|
July |
350 |
189 |
(46%) |
|
August |
261 |
336 |
+29% |
|
September |
339 |
-- |
-- |
|
October |
342 |
-- |
-- |
|
November |
436 |
-- |
-- |
|
December |
441 |
-- |
-- |
*Does not include interest
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