-
Bank Ranking
Banks Ratios
Cement Statistics
Cement Ranking
Cement Ratios
Monetary and Economic Statistics
Oil, Gas and Fuel
Macro Economy
Consumer Spending
Inflation
Exports & Imports
Food Prices
Non Food Prices
Construction Materials
Petrochem. Ranking
Petrochem. Ratios
Retail Rankings
Retail Ratios
Grocery Ranking
Grocery Ratios
Top Growth
Dividend History
Residential real estate finance for individuals down 37% to SAR 7.39 bln in November: SAMA
Saudi Arabian banknotes
Residential real estate finance provided for individuals by banks in Saudi Arabia fell by 37% year-on-year (YoY) to SAR 7.39 billion in November, data issued by the Saudi Central Bank (SAMA) showed.
Compared to October 2022, residential real estate finance retreated by nearly SAR 1.97 billion, or 21%.
|
New Retail Residential Real Estate Finance (SAR mln)* |
|||
|
Month |
2021 |
2022 |
Change |
|
January |
16829 |
12151 |
(28%) |
|
February |
14181 |
8784 |
(38%) |
|
March |
18040 |
15276 |
(15%) |
|
April |
15595 |
9219 |
(41%) |
|
May |
8906 |
8810 |
(1%) |
|
June |
8322 |
13122 |
+58% |
|
July |
9381 |
7189 |
(23%) |
|
August |
12736 |
12697 |
(0.3%) |
|
September |
12036 |
9930 |
(18%) |
|
October |
12139 |
9352 |
(23%) |
|
November |
11773 |
7386 |
(37%) |
|
December |
12602 |
-- |
-- |
Villa mortgages accounted for 69%, or SAR 5.13 billion, of total housing loans provided in November. Apartments and land plots followed with SAR 1.88 billion and SAR 380 million, respectively.
|
New Real Estate Finance by Product Type (SAR mln)* |
|||
|
Period |
Villas |
Apartments |
Land |
|
January 2022 |
9403 |
2106 |
642 |
|
February |
6818 |
1498 |
468 |
|
March |
9224 |
2956 |
3096 |
|
April |
5902 |
1707 |
1610 |
|
May |
6785 |
1605 |
420 |
|
June |
9415 |
3167 |
540 |
|
July |
5392 |
1514 |
283 |
|
August |
8607 |
3618 |
472 |
|
September |
6708 |
2825 |
396 |
|
October |
6190 |
2717 |
445 |
|
November |
5127 |
1879 |
380 |
According to SAMA, 9,790 contracts were signed between banks and retail clients in November, a decline of 36% YoY.
|
Number of New Real Estate Finance Contracts by Banks* |
|||
|
Month |
2021 |
2022 |
Change |
|
January |
23298 |
16442 |
(29%) |
|
February |
18989 |
11615 |
(39%) |
|
March |
23380 |
18999 |
(19%) |
|
April |
19889 |
11255 |
(43%) |
|
May |
11495 |
10943 |
(5%) |
|
June |
11309 |
16487 |
+46% |
|
July |
12809 |
9047 |
(29%) |
|
August |
17143 |
16255 |
(5%) |
|
September |
15453 |
12902 |
(17%) |
|
October |
16223 |
12397 |
(24%) |
|
November |
15406 |
9785 |
(36%) |
|
December |
16087 |
-- |
-- |
Financing firms provided new real estate finance worth SAR 271 million in November, a rise of 3% YoY.
|
Number of New Real Residential Estate Finance Contracts by Financing Firms (SAR mln) |
|||
|
Month |
2021 |
2022 |
Change |
|
January |
391 |
264 |
(32%) |
|
February |
382 |
221 |
(42%) |
|
March |
515 |
304 |
(41%) |
|
April |
343 |
211 |
(38%) |
|
May |
254 |
148 |
(42%) |
|
June |
193 |
351 |
+82% |
|
July |
191 |
167 |
(13%) |
|
August |
337 |
284 |
(16%) |
|
September |
350 |
305 |
(13%) |
|
October |
287 |
280 |
(2%) |
|
November |
264 |
271 |
+3% |
|
December |
260 |
-- |
-- |
Related News
| Residential real estate finance for individuals down 23% to SAR 9.35 bln in October: SAMA |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}