Residential mortgages to individuals leap 39% to SAR 10.5B in January
Saudi Arabian banknotes
Residential mortgages granted to individuals by banks in Saudi Arabia leapt 39% year-on-year (YoY) to SAR 10.5 billion in January 2025, data issued by the Saudi Central Bank (SAMA) showed.
According to the data, 13,400 contracts were concluded between banks and individuals in January.
The average value of the new residential mortgage increased to SAR 780,000, rising by 9% YoY.
Financing for residential villas accounted for the largest share of the total mortgages provided by banks during the month, with a value of SAR 6.63 billion, at 63%. Residential apartments came in second place with SAR 3.35 billion, followed by land plots with SAR 475 million.
New Residential Mortgages by Product Type (SAR mln)* |
|||
Period |
Villas |
Apartments |
Lands |
January 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 |
August |
3791 |
2446 |
362 |
September |
3883 |
2540 |
397 |
October |
4828 |
2855 |
458 |
November |
6502 |
3155 |
408 |
December |
8120 |
3486 |
335 |
January 2025 |
6638 |
3351 |
475 |
*Does not include the financing interest
Residential mortgages granted to individuals by financing firms in Saudi Arabia dropped by 18% YoY to SAR 224 million.
Residential Mortgages to Individuals by Financing Firms (SAR mln) |
|||
Year |
2024 |
2025 |
Change |
January |
273 |
224 |
(18%) |
February |
268 |
-- |
|
March |
225 |
-- |
|
April |
143 |
-- |
|
May |
252 |
-- |
|
June |
160 |
-- |
|
July |
193 |
-- |
|
August |
161 |
-- |
|
September |
202 |
-- |
|
October |
254 |
-- |
|
November |
201 |
-- |
|
December |
235 |
-- |
|
*Does not include the financing interest.
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