According to recent data issued by the Saudi Arabian Monetary Agency (SAMA), the volume of financing in Saudi banks and banks for the real estate sector during the last 5 years (from 2011 to 2015) amounted to about 623.4 billion riyals (170 billion US dollars), with an annual average of about 124.7 billion riyals.

Personal Finance

According to SAMA's statistics, individuals“ share of these financings amounted to 362.67 billion riyals, representing about 58% of the total, bringing the annual average of individuals” financings to about 72.5 billion riyals.

Statistics from SAMA show that individuals' share of these financings amounted to 362.67 billion riyals.

Corporate Finance

At the level of corporate financing, total real estate financing during the last five years amounted to about 260.76 billion riyals, accounting for about 42% of the total, with an annual average of 52.15 billion riyals.

High financing rate

The data indicates that the financing rate has witnessed a gradual increase over the past five years, as the total real estate financing for individuals and companies increased from about 70.2 billion riyals in 2011, to about 88 billion riyals in 2012, then to 119.75 billion riyals in 2013, while it rose to 158.98 billion riyals in 2014, before reaching 186.46 billion riyals by the end of 2015.

Data shows that the financing rate has witnessed a gradual increase over the past five years.