The latest data Saudi Central Bank revealed that the volume of new housing finance provided by banks to individuals amounted to SAR 7.53 billion during last January, a growth of 20.8% from the seventh month “December 2023”, in which the volume of financing recorded SAR 6.23 billion.
According to the statistical bulletin issued by the Central Bank, the total volume of new housing finance provided by banks to individuals amounted to SAR 7.53 billion during January, a growth of 20.8%. According to the statistical bulletin issued by the Central Bank, the total volume of new housing finance for individuals provided by banks amounted to 7.53 billion riyals during the current January, a growth of 20.8% from the previous month, December 2023, which amounted to 6.23 billion riyals. According to the bulletin, villas accounted for the highest share of the total volume of housing finance for individuals from banks with 5.13 billion riyals, followed by apartments with 1.96 billion riyals, and land ranked third with 440 million riyals. The data showed that the total number of contracts during the month of January rose by 10.5 billion riyals by 21.4% compared to last December, which was about 8.6 billion riyals. Read more 3 private transactions in the stock market with 324.2 million ”Al Rajhi Financial": Loans record the highest month-on-month growth since June 2022 and mortgages are improving significantly. Find out the details Minister of Investment: In December 2023, loans granted to villas maintained the highest share of SAR 4.3 billion, followed by apartments with a share of SAR 1.67 billion, and land came third with SAR 255 million."According to the Saudi Central Bank's monthly bulletin for January, villas accounted for the highest share of the total volume of housing finance for individuals from banks with 5.13 billion riyals, followed by apartments with 1.96 billion riyals. While land ranked third with 440 million riyals.
The data also showed that the total number of real estate finance contracts during January rose by 10.5 billion riyals by 21.4% compared to last December, which was about 8.6 billion riyals.
During the month of January 10.5 billion riyals by 21.4% compared to last December, which was about 8.6 billion riyals.
While in December 2023, loans granted to villas maintained the highest share with 4.3 billion riyals, followed by apartments with a share of 1.67 billion riyals, and land came third with 255 million riyals.
While in December 2023, loans granted to villas maintained the highest share with 4.3 billion riyals, followed by apartments with a share of 1.67 billion riyals, and land came third with 255 million riyals.
