Money and business

A decrease of 12.4%.. 10.46 billion riyals of residential loans for individuals in a month

The volume of new residential real estate financing for individuals (residential loans) provided by banks in last January, on a monthly basis, decreased by 12.4%, recording 10.464 billion riyals, compared to 11.941 billion riyals in December 2024.
According to the monthly statistical bulletin issued by the Saudi Central Bank “Sama”, the volume of real estate financing for individuals increased, on a monthly basis last January, by 38.8%, compared to 7.539 billion riyals in the same month of last year.

Villas account for 63.4%

The villas acquired 63.4% of the total residential real estate financing for individuals, recording 6.638 billion riyals.
The real estate financing for villas increased on an annual basis last January, by 29.3%, compared to 5.132 billion riyals in the same month of 2024.
The real estate financing of villas decreased on a monthly basis last January, by 18.3%, compared to 8.120 billion riyals last December.

Funding apartments

According to the bulletin, the apartments accounted for 32% of the total housing real estate financing for individuals, recording 3.351 billion riyals.
The volume of real estate financing for apartments increased last January on an annual basis by 70.4%, compared to 1.967 billion riyals in the same month last year.
The volume of real estate financing for apartments decreased last January, on a monthly basis by 3.9%, compared to 3.486 billion riyals in December 2024.

Land financing

The lands acquired 4.5% of the total residential real estate financing for individuals last January, recording 475 million riyals.
The volume of real estate financing for land increased last January, on an annual basis by 7.9%, compared to 440 million riyals in the same month of 2024.
And the volume of real estate financing for land in January, an increase on a monthly basis, by 41.8%, compared to 335 million riyals last December.
According to the newsletter, the total number of real estate financing contracts for individuals in January, about 13411 contracts, compared to 15.294 contracts last December, and 10.505 contracts in January last year.

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