Saudi Arabian banknotes
Residential real estate finance provided for individuals by banks in Saudi Arabia rose 1.2% to SAR 152.5 billion in 2021, compared to the year before, data issued by the Saudi Central Bank (SAMA) showed.
This funding was made through 201,500 contracts, compared to 225,100 contracts in 2020.
|
New Retail Residential Real Estate Finance (SAR bln)* |
||
|
Period |
Value |
Change |
|
2016 |
14.93 |
-- |
|
2017 |
18.92 |
+27% |
|
2018 |
27.74 |
+47% |
|
2019 |
78.96 |
+185% |
|
2020 |
150.79 |
+91% |
|
2021 |
152.54 |
+1% |
In December 2021, real estate finance provided to individuals retreated 29% year-on-year (YoY) to SAR 12.6 billion but rose by SAR 829 million compared to November.
|
New Real Estate Finance (SAR mln)* |
|||
|
Period |
2020 |
2021 |
Change |
|
January |
11084 |
16829 |
+52% |
|
February |
11682 |
14181 |
+21% |
|
March |
11844 |
18040 |
+52% |
|
April |
8637 |
15595 |
+81% |
|
May |
8751 |
8906 |
+2% |
|
June |
14392 |
8322 |
(42%) |
|
July |
12221 |
9381 |
(23%) |
|
August |
10874 |
12736 |
+17% |
|
September |
14059 |
12036 |
(14%) |
|
October |
12759 |
12139 |
(5%) |
|
November |
16678 |
11773 |
(29%) |
|
December |
17804 |
12602 |
(29%) |
*Does not include interest
Villa mortgages accounted for 80%, or SAR 10 billion, of total housing loans provided in December 2021.
Apartments and land plots followed with SAR 2.18 billion and SAR 394 million, respectively.
|
New Real Estate Finance by Product Type (SAR mln)* |
|||
|
Period |
Villas** |
Apartments** |
Land** |
|
January |
9706 |
2859 |
4263 |
|
February |
8602 |
2411 |
3169 |
|
March |
10624 |
3046 |
4370 |
|
April |
8736 |
2855 |
4004 |
|
May |
5296 |
1595 |
2016 |
|
June |
3996 |
1689 |
2637 |
|
July |
5018 |
1866 |
2498 |
|
August |
7899 |
2716 |
2121 |
|
September |
7717 |
2634 |
1685 |
|
October |
9491 |
2272 |
376 |
|
November |
9082 |
2276 |
415 |
|
December |
10025 |
2183 |
394 |
*Doesn’t include interest.
** Updated data.
According to SAMA, a total of 16,100 contracts were signed between banks and retail clients in December, a decline of 34% YoY.
|
Number of New Real Estate Finance Contracts by Banks* |
|||
|
Period |
2020** |
2021** |
Change |
|
January |
18,489 |
23,298 |
+26% |
|
February |
19,086 |
18,989 |
(1%) |
|
March |
18,559 |
23,380 |
+26% |
|
April |
13,305 |
19,889 |
+49% |
|
May |
12,961 |
11,495 |
(11%) |
|
June |
20,823 |
11,309 |
(45%) |
|
July |
18,692 |
12,809 |
(31%) |
|
August |
16,724 |
17,143 |
+3% |
|
September |
20,632 |
15,453 |
(25%) |
|
October |
18,083 |
16,223 |
(10%) |
|
November |
23,120 |
15,406 |
(33%) |
|
December |
24,599 |
16,087 |
(34%) |
*Doesn’t include interest
** Updated data.
Financing firms provided new real estate finance worth SAR 260 million in December 2021, a drop of 41% YoY.
|
Number of New Real Estate Finance Contracts by Financing Firms (SAR mln)* |
|||
|
Period |
2020 |
2021 |
Change |
|
January |
594 |
391 |
(34%) |
|
February |
455 |
382 |
(16%) |
|
March |
328 |
515 |
+57% |
|
April |
89 |
343 |
+285% |
|
May |
219 |
254 |
+16% |
|
June |
577 |
193 |
(67%) |
|
July |
510 |
191 |
(63%) |
|
August |
261 |
337 |
+29% |
|
September |
341 |
350 |
+2% |
|
October |
340 |
287 |
(16%) |
|
November |
439 |
264 |
(40%) |
|
December |
440 |
260 |
(41%) |
*Doesn’t include interest
** Updated data.
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