New residential real estate financing provided by banks to individuals in the Kingdom recorded a remarkable increase of 17.1% during May 2025 compared to April of the same year, reaching SAR 7.376 billion, compared to SAR 6.297 billion in April, according to the monthly statistical bulletin issued by the Saudi Central Bank (SAMA).
According to the data, the new residential real estate financing provided by banks to individuals in the Kingdom increased by 17.1% during the month of May 2025, compared to April of the same year, reaching SAR 7.376 billion, compared to SAR 6.297 billion in April, as revealed by the monthly statistical bulletin of the SAMA. According to the data, new real estate financing was distributed among three main sectors, led by the villa sector, which accounted for the largest share of financing, with a value of 4.992 billion riyals in May, compared to 3.930 billion riyals in April, recording a monthly increase of more than 27%.
According to the data, new real estate financing was distributed among three main sectors, led by the villa sector. <The apartment sector witnessed a slight decline in the financing provided, reaching SR1.850 billion in May, compared to SR2.064 billion in the previous month, a decrease of about 10%. The land sector recorded a strong performance, with financing directed to it increasing by more than 75%, from SR304 million in April to SR534 million in May.
The number of real estate finance contracts signed during May increased significantly, reaching a total of 9961 contracts, compared to 8204 contracts in April, reflecting a growth in demand for housing finance.
Despite the monthly performance, the land sector also recorded a strong performance, with a rise of more than 75%, from 304 million riyals in April to 534 million riyals in May.
Despite this positive monthly performance, new residential mortgage financing recorded a slight annual decline of 3.8%, as the total value in May 2025 amounted to SR7.376 billion, compared to SR7.674 billion in May 2024.
On an annual basis, financing in the villa sector decreased from SAR 5.114 billion in May last year to SAR 4.992 billion in May this year, and financing for apartments decreased from SAR 2.153 billion to SAR 1.850 billion, while land financing increased annually by 30.9% from SAR 408 million to SAR 534 million, reflecting the growing interest of individuals in buying land during the recent period.
The number of contracts in the villa sector decreased slightly by 3.8% from SAR 408 million to SAR 534 million. The number of contracts concluded decreased year-on-year from 10,123 contracts in May 2024 to 9961 contracts in May 2025.
The number of contracts concluded decreased year-on-year from 10,123 contracts in May 2024 to 9961 contracts in May 2025.
