Finance companies in Saudi Arabia recorded remarkable growth in new residential mortgage financing for individuals during the second quarter of 2026, with the value of financing granted rising to 711 million riyals, an increase of 24% compared to the same period last year, according to the monthly statistical bulletin issued by the Saudi Central Bank.
The data showed that new residential financing was distributed across three main sectors, led by apartments at 332 million riyals, followed by villas at 269 million riyals, and then land at 111 million riyals during the second quarter of this year.

On a year-over-year basis, financing for villas rose to 269 million riyals, compared to 197 million riyals in the second quarter of 2025, while financing for apartments increased to 332 million riyals compared to 282 million riyals, and financing for land rose to 111 million riyals compared to 95 million riyals.
Residential real estate financing residential real estate financing continued to grow on a quarterly basis, rising by 21.5% compared to the first quarter of 2026, as the value of financing increased from 585 million riyals to 711 million riyals.
Compared to the first quarter, villa financing rose from 249 million riyals to 269 million riyals, while financing for apartments rose from 279 million riyals to 332 million riyals, and financing for land jumped from 57 million riyals to 111 million riyals.

Despite the year-over-year and quarter-over-quarter improvements, data from the Saudi Central Bank showed a slight decline in total new residential mortgage financing for individuals compared to the fourth quarter of 2025, falling to 711 million riyals from 737 million riyals.
Compared to the fourth quarter of 2025, financing for villas declined from 284 million riyals to 269 million riyals, and financing for apartments fell from 353 million riyals to 332 million riyals, while land financing rose from 100 million riyals to 111 million riyals.