SAR 5.3 billion in real estate financing provided by banks to individuals in June

31% decrease in monthly financing compared to May, spread across 274.7 contracts with villas taking the largest share.
Saudi Central Bank

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DataSaudi Central Bank “Sama” revealed 31% a decrease in the volume of real estate financing provided by banks to individuals in the Kingdom by 2.3 billion riyals during last June compared to the previous month.

The data showed that the volume of this financing decreased to 5.3 billion riyals in June 2024, compared to 7.7 billion riyals recorded in May. The data showed that the volume of this financing decreased to 5.3 billion riyals in June 2024, compared to 7.7 billion riyals recorded in the previous May.

The data showed that the volume of this financing decreased to 5.3 billion riyals in June 2024, compared to 7.7 billion riyals recorded in the previous May. SAMA data also showed that villas accounted for the highest percentage of real estate financing, amounting to 3.4 billion riyals in June, compared to 5.1 billion riyals in May.

The data showed that the volume of this financing decreased to 5.3 billion riyals in June 2024, compared to 7.7 billion riyals recorded in May. <The total financing of apartments amounted to 6.1 billion riyals in June compared to 1.2 billion riyals in May. Land financing totaled SAR 263 million in June compared to SAR 408 million in May.

Saudi Central Bank data showed that real estate financing during last June was distributed to 274.7 contracts, including contracts for villas, apartments and land.

Data from the Central Bank of Saudi Arabia showed that real estate financing .