real estate loans provided by commercial banks to individuals and companies recorded a year-on-year growth of 13%, with an estimated increase of SR99.277 billion by the end of the third quarter 2024, reaching SR846.480 billion, compared to SR747.203 billion for the same period in 2023.
Mortgage loans
According to the monthly statistical bulletin issued by the Ministry of Finance (MoF), Real Estate Loans. Mortgage Loans - as shown in the monthly statistical bulletin issued by Saudi Central Bank for November 2024 - achieved a quarter-on-quarter growth of 4% with an estimated increase of SAR 31,835 billion, compared to SAR 814,645 billion at the end of the second quarter of the same year.
Mortgage Loans According to the monthly statistical bulletin issued by Saudi Central Bank for the month of November 2024 Mortgage loans to individuals accounted for 77.6% of the total amounting to SAR 656,881 billion, registering a year-on-year growth of 11%, an increase of SAR 65,181 billion, compared to SAR 591,700 billion at the end of Q3 2023, and a quarter-on-quarter growth of 3%, an increase of SAR 17,355 billion, compared to SAR 639,526 billion at the end of Q2 of the same year.
Mortgage loans to individuals accounted for 77TP3T of the total.
While corporate real estate loans accounted for 22.4% of the total amounted to SAR 189,599 billion, recording a growth of 22%, an increase of SAR 34,096 billion, compared to the same period in 2023 amounting to SAR 155,502 billion, and recorded a quarterly growth of 8%, an increase of SAR 14,480 billion, compared to SAR 175,119 billion at the end of the second quarter of the same year.
While corporate real estate loans accounted for 22% of the total.
