Saudi Arabian banknotes
Mortgage loans provided to retail clients by banks in Saudi Arabia declined 3% year-on-year (YoY) to SAR 11.79 billion in October, data issued by the Saudi Central Bank (SAMA) showed.
When compared to September, mortgage loans fell by around SAR 465 million in October.
|
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 |
12259 |
(6%) |
|
October |
12148 |
11794 |
(3%) |
|
November |
15266 |
-- |
-- |
|
December |
15412 |
-- |
-- |
*Does not include interest
Villa mortgages came on top, accounting for 78%, or SAR 9.15 billion, of total housing loans provided in October.
Apartments and land plots followed with SAR 2.27 billion and SAR 376 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 |
|
September |
9422 |
2343 |
494 |
|
October |
9146 |
2272 |
376 |
*Does not include interest
A total of 23,900 contracts were signed between banks and retail clients in the same month, a decline of 6% 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 |
23109 |
(16%) |
|
October |
25483 |
23889 |
(6%) |
|
November |
30017 |
-- |
-- |
|
December |
29960 |
-- |
-- |
*Does not include interest
Financing firms provided new mortgages for residential units worth nearly SAR 287 million in October, a drop of 16% 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 |
347 |
+2% |
|
October |
342 |
287 |
(16%) |
|
November |
436 |
-- |
-- |
|
December |
441 |
-- |
-- |
*Does not include interest
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