Saudi Arabian banknotes
Residential real estate finance provided for individuals by banks in Saudi Arabia fell by 17% year-on-year (YoY) to SAR 9.93 billion in September, data issued by the Saudi Central Bank (SAMA) showed.
Compared to August 2022, residential real estate finance retreated by nearly SAR 2.77 billion, or 22%.
|
New Retail Residential Real Estate Finance (SAR mln)* |
|||
|
Month |
2021 |
2022 |
Change |
|
January |
16,829 |
12,151 |
(28%) |
|
February |
14,181 |
8,784 |
(38%) |
|
March |
18,040 |
15,276 |
(15%) |
|
April |
15,595 |
9,219 |
(41%) |
|
May |
8,906 |
8,810 |
(1%) |
|
June |
8,322 |
13,122 |
+58% |
|
July |
9,381 |
7,189 |
(23%) |
|
August |
12,736 |
12,697 |
(0.3%) |
|
September |
12,036 |
9,930 |
(17%) |
|
October |
12,139 |
-- |
-- |
|
November |
11,773 |
-- |
-- |
|
December |
12,602 |
-- |
-- |
Villa mortgages accounted for 68%, or SAR 6.71 billion, of total housing loans provided in September. Apartments and land plots followed with SAR 2.83 billion and SAR 396 million, respectively.
|
New Real Estate Finance by Product Type (SAR mln)* |
|||
|
Period |
Villas |
Apartments |
Land |
|
January 2022 |
9,403 |
2,106 |
642 |
|
February |
6,818 |
1,498 |
468 |
|
March |
9,224 |
2,956 |
3,096 |
|
April |
5,902 |
1,707 |
1,610 |
|
May |
6,785 |
1,605 |
420 |
|
June |
9,415 |
3,167 |
540 |
|
July |
5,392 |
1,514 |
283 |
|
August |
8,607 |
3,618 |
472 |
|
September |
6,708 |
2,825 |
396 |
According to SAMA, 12,900 contracts were signed between banks and retail clients in September, a decline of 17% YoY.
|
Number of New Real Estate Finance Contracts by Banks* |
|||
|
Month |
2021 |
2022 |
Change |
|
January |
23,298 |
16,442 |
(29%) |
|
February |
18,989 |
11,615 |
(39%) |
|
March |
23,380 |
18,999 |
(19%) |
|
April |
19,889 |
11,255 |
(43%) |
|
May |
11,495 |
10,943 |
(5%) |
|
June |
11,309 |
16,487 |
+46% |
|
July |
12,809 |
9,047 |
(29%) |
|
August |
17,143 |
16,255 |
(5%) |
|
September |
15,453 |
12,902 |
(17%) |
|
October |
16,223 |
-- |
-- |
|
November |
15,406 |
-- |
-- |
|
December |
16,087 |
-- |
-- |
Financing firms provided new real estate finance worth SAR 305 million in September, a decline of 13% 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 |
-- |
-- |
|
November |
264 |
-- |
-- |
|
December |
260 |
-- |
-- |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}