‎Residential mortgages dip 4% to SAR 7.4B in May

Residential mortgages provided by banks to individuals dropped by 4% year-on-year (YoY) to SAR 7.4 billion in May, data issued by the Saudi Central Bank (SAMA) showed.

The total number of residential mortgage contracts signed between banks and individuals reached approximately 10,000 inMay 2025.

The average value of new residential mortgage loans fell by 2% YoY to SAR 741,000 during the same period.

Mortgages for residential villas accounted for the largest share of total bank financing, amounting to SAR 4.99 billion or 68% of the total in May. Apartments followed with SAR 1.85 billion, while land plots came in third at SAR 534 million.

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New Residential Mortgages by Product Type (SAR mln)*​

Period

Villas

Apartments

Lands

January2024

5,132

1,967

440

February

4,529

1,980

433

March

4,912

2,237

474

April

3,681

1,389

270

May

5,114

2,153

408

June

3,427

1,616

263

July

4,380

2,262

429

August

3,791

2,446

362

September

3,883

2,540

397

October

4,828

2,855

458

November

6,502

3,155

408

December

8,120

3,486

335

January2025

6,638

3,351

475

February

5,573

2,899

436

March

5,186

2,798

415

April

3,930

2,064

304

May

4,992

1,850

534

New residential mortgage financing provided to individuals by financingcompanies fell by 24%to approximately SAR 191 millionin May.

Residential Mortgages to Individuals from Financing Firms (SAR mln)*

Year

2024

2025

Change

January

273

224

(18%)

February

268

198

(26%)

March

225

197

(12%)

April

143

214

+49%

May

252

191

(24%)

June

160

—

—

July

193

—

—

August

161

—

—

September

202

—

—

October

254

—

—

November

201

—

—

December

235

—

—

Residential mortgages provided by banks to individuals dropped by 4% year-on-year (YoY) to SAR 7.4 billion in May, data issued by the Saudi Central Bank (SAMA) showed.

The total number of residential mortgage contracts signed between banks and individuals reached approximately 10,000 inMay 2025.

The average value of new residential mortgage loans fell by 2% YoY to SAR 741,000 during the same period.

Mortgages for residential villas accounted for the largest share of total bank financing, amounting to SAR 4.99 billion or 68% of the total in May. Apartments followed with SAR 1.85 billion, while land plots came in third at SAR 534 million.

New Residential Mortgages by Product Type (SAR mln)*​

Period

Villas

Apartments

Lands

January2024

5,132

1,967

440

February

4,529

1,980

433

March

4,912

2,237

474

April

3,681

1,389

270

May

5,114

2,153

408

June

3,427

1,616

263

July

4,380

2,262

429

August

3,791

2,446

362

September

3,883

2,540

397

October

4,828

2,855

458

November

6,502

3,155

408

December

8,120

3,486

335

January2025

6,638

3,351

475

February

5,573

2,899

436

March

5,186

2,798

415

April

3,930

2,064

304

May

4,992

1,850

534

New residential mortgage financing provided to individuals by financingcompanies fell by 24%to approximately SAR 191 millionin May.

Residential Mortgages to Individuals from Financing Firms (SAR mln)*

Year

2024

2025

Change

January

273

224

(18%)

February

268

198

(26%)

March

225

197

(12%)

April

143

214

+49%

May

252

191

(24%)

June

160

—

—

July

193

—

—

August

161

—

—

September

202

—

—

October

254

—

—

November

201

—

—

December

235

—

—