Saudi Arabian banknotes
Residential mortgages provided by banks to individuals rose by 30% year-on-year (YoY) to SAR 7.07 billion in July, data issued by the Saudi Central Bank (SAMA) showed.
Compared to June, residential mortgages increased by nearly SAR 1.77 billion, or 33%.
|
Residential Mortgages from Banks to Individuals (SAR mln)* |
|||
|
Month |
2023 |
2024 |
Change |
|
January |
8373 |
7539 |
(10%) |
|
February |
7138 |
6941 |
(3%) |
|
March |
7251 |
7623 |
+5% |
|
April |
4146 |
5341 |
+29% |
|
May |
6801 |
7674 |
+13% |
|
June |
5969 |
5307 |
(11%) |
|
July |
5425 |
7072 |
+30% |
|
August |
7142 |
-- |
-- |
|
September |
5837 |
-- |
-- |
|
October |
6766 |
-- |
-- |
|
November |
6655 |
-- |
-- |
|
December |
6237 |
-- |
-- |
|
New Mortgages by Product Type (SAR mln)* |
|||
|
Period |
Villas |
Apartments |
Lands |
|
Jan. 2023 |
5645 |
2315 |
413 |
|
February |
4964 |
1823 |
351 |
|
March |
5048 |
1745 |
457 |
|
April |
2781 |
1050 |
314 |
|
May |
4684 |
1734 |
383 |
|
June |
4244 |
1429 |
297 |
|
July |
3897 |
1226 |
301 |
|
August |
4967 |
1776 |
399 |
|
September |
3978 |
1563 |
297 |
|
October |
4455 |
1943 |
367 |
|
November |
4363 |
1964 |
328 |
|
December |
4307 |
1676 |
255 |
|
Jan. 2024 |
5132 |
1967 |
440 |
|
February |
4529 |
1980 |
433 |
|
March |
4912 |
2237 |
474 |
|
April |
3681 |
1389 |
270 |
|
May |
5114 |
2153 |
408 |
|
June |
3427 |
1616 |
263 |
|
July |
4380 |
2262 |
429 |
According to SAMA, nearly 9,610 contracts were signed between banks and retail clients in July, an increase of 36% YoY.
|
Number of New Residential Mortgage Contracts by Banks* |
|||
|
Period |
2023 |
2024 |
Change |
|
January |
11113 |
10505 |
(5%) |
|
February |
9574 |
9504 |
(1%) |
|
March |
9526 |
10320 |
+8% |
|
April |
5270 |
7085 |
+34% |
|
May |
8888 |
10123 |
+14% |
|
June |
7615 |
7274 |
(4%) |
|
July |
7058 |
9605 |
+36% |
|
August |
9054 |
-- |
-- |
|
September |
7767 |
-- |
-- |
|
October |
9177 |
-- |
-- |
|
November |
9164 |
-- |
-- |
|
December |
8647 |
-- |
-- |
|
Number of New Residential Mortgage Contracts by Finance Firms (SAR mln)* |
|||
|
Period |
2023 |
2024 |
Change |
|
January |
310 |
273 |
(12%) |
|
February |
284 |
268 |
(6%) |
|
March |
228 |
225 |
(1%) |
|
April |
167 |
143 |
(14%) |
|
May |
235 |
252 |
+ 7% |
|
June |
198 |
160 |
(19%) |
|
July |
193 |
193 |
-- |
|
August |
307 |
-- |
-- |
|
September |
265 |
-- |
-- |
|
October |
289 |
-- |
-- |
|
November |
310 |
-- |
-- |
|
December |
272 |
-- |
-- |
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