Data from the statistical bulletin of the Saudi Central Bank (SAMA) revealed that the total real estate loans in the Kingdom reached 816 billion riyals by the end of the first half of 2024, a growth from the previous quarter by about 2%.
Data from the statistical bulletin of the Saudi Central Bank “SAMA”
It is indicated that real estate loans provided by commercial banks in the Kingdom recorded a remarkable increase of 94.5% year-on-year during the first quarter of 2024, reaching SAR 800.5 billion compared to SAR 705.9 billion in the same period of 2023, increasing by about 94 billion riyals.
It is indicated that Real estate loans
According to the monthly statistical bulletin for May issued by the Central Bank of Saudi Arabia, real estate loans provided by commercial banks to individuals reached SAR 625.2 billion during the first quarter, representing 78% of total real estate loans provided by commercial banks compared to SAR 566.9 billion during the first quarter of 2023. Real estate loans to corporates accounted for only 22% of total commercial bank loans, worth SAR 175.2 billion compared to SAR 139 billion in Q1 2023.
