{"id":27858,"date":"2020-01-09T08:53:58","date_gmt":"2020-01-09T05:53:58","guid":{"rendered":"https:\/\/www.amlak.net.sa\/home\/?p=27858"},"modified":"2020-01-09T08:53:58","modified_gmt":"2020-01-09T05:53:58","slug":"%d8%a7%d9%84%d8%b5%d9%81%d9%82%d8%a7%d8%aa-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a%d8%a9-%d8%aa%d8%b1%d8%aa%d9%81%d8%b9-%d8%a5%d9%84%d9%89-180-2-%d9%85%d9%84%d9%8a%d8%a7%d8%b1-%d8%b1%d9%8a%d8%a7","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/27858\/","title":{"rendered":"Real estate transactions rise in 2019 to 180.2 billion riyals. Real estate loans provided to individuals 211.1 billion riyals"},"content":{"rendered":"

\u00a0<\/strong>The value of real estate transactions increased during 2019 to 180.2 billion riyals, an increase of 26.5%, compared to its decrease during 2018 by 36.3%, and the increase came due to the increase in the value of residential sector transactions by 35.1%, compared to its decrease during 2018 by 31.2%, to settle at the end of the year at 136.7 billion riyals \u201c75.7% of the total market transactions\u201d.<\/p>\n

The commercial sector increased by 5.6%, compared to its decline during 2018 by 46.2%, to stabilize at the end of the year at the level of 43.9 billion riyals \u201c24.3% of the total market transactions\u201d.<\/p>\n

78.7 billion riyals in loans to individuals<\/strong><\/h4>\n

Specialists attributed the recovery of the real estate market and the growth of housing sector activity to the record increase in the volume of mortgage financing granted to individuals during the past year 2019, which amounted to about 78.7 billion riyals, an increase of 167%, and accounted for about 58% of the total value of residential sector transactions, and accounted for about 60% of the total value of land, villas and apartments. The pace of real estate financing escalated from about 38% of the total value of residential sector transactions at the beginning of the year, to more than 85% of the total by the end of the year.<\/p>\n

Rising land and real estate prices<\/strong><\/h4>\n

Most land and residential real estate prices rose during 2019, affected by the high activity of the local real estate market, as a result of the increase in the pumping of real estate loans in the residential sector specifically at unprecedented levels, at the level of the full-year performance, the contribution of these real estate loans to individuals for every 1.0 million riyals, pumped for the purchase of land, villas and apartments, reached about 600 thousand riyals out of every 1.0 million riyals.<\/p>\n

The flow of these real estate loans throughout 2019 took an increasing pace from the beginning to the end of the year, starting from a contribution of about 401.3 thousand riyals (40.1% of the value of land, villa and apartment transactions) per 1.0 million riyals during January 2019, until it reached about 854 thousand riyals (85.4% of the value of land, villa and apartment transactions) per 1.0 million riyals by the end of the year.<\/p>\n

Loan Liquidity and Rising Prices<\/strong><\/h4>\n

Followers of real estate activity note that the increase in the volume of real estate loans, which came after a long phase of stagnation in the real estate market for more than four years, was sufficient for the pace of prices to return to rise and inflation again, which the market witnessed during 2019, and appeared significantly during the last quarter of the year, which recorded a growth in the quarterly average for the fourth quarter of 2019 compared to the same quarter of 2018, amounting to 14.6% for residential land, 12.2% for residential villas, and 9.5% for residential apartments, while at the level of annual changes in the prices of residential land and real estate, the results were as follows.<\/p>\n

211.1 billion riyals in real estate loans for individuals<\/strong><\/h4>\n

It is estimated that the balance of mortgage loans granted to individuals by the end of 2019 will rise to more than 211.1 billion riyals, recording an annual growth of 38.9%, and the volume of new mortgage financing granted to individuals during the same year to 78.7 billion riyals, recording growth compared to its volume during 2018 \u201c29.5 billion riyals\u201d amounting to about 167%.<\/p>\n

At the level of the number of individual borrowers of these mortgages, it is estimated that by the end of 2019, their number rose to more than 394.9 thousand borrowers, compared to their numbers during 2018 at 218.5 thousand borrowers, recording an annual growth rate of 80.7%, which reveals a numerical increase in the number of individual borrowers of residential mortgages exceeded 176.4 thousand borrowers during 2019, compared to the numerical increase of 50.5 thousand real estate borrowers during 2018.<\/p>\n

Some links to news and reports from Amlak Real Estate Newspaper Issue 187<\/a><\/h4>\n

Real Estate Deals - Real Estate Projects - Investment Opportunities<\/h4>\n

Real Estate Finance - Real Estate Deals - Building & Construction - Real Estate Deals<\/h4>\n

Editor-in-Chief Abdulaziz Alissa explains the story behind Amlak Real Estate Newspaper's logo<\/a><\/h4>\n

Minister of Commerce and Investment allocates land in Riyadh, Jeddah and Sharqiya to establish international centers for exhibitions and conferences<\/a><\/p>\n

The Administrative Judicial Council decides to amend the wording of the project to consider grievances against expropriation decisions<\/a><\/p>\n

\u201cTourism Authority\u201d enumerates the advantages of the National Tourism Monitoring Platform at the Riyadh Chamber<\/a><\/strong><\/p>\n

Public Authority for Real Estate inaugurates its new headquarters and discusses the latest developments in real estate registration, real estate brokerage, and real estate contributions<\/a><\/p>\n

\u201cSakany\u201d platform receives more than 15 million visits, including 702 thousand downloads of the application<\/a><\/p>\n

Saudi Arabia's transportation sector jumps to number one in the world for ease of doing business<\/a><\/p>\n

Al Rajhi REIT acquires educational properties with a purchase value of 210 million riyals<\/a><\/strong><\/p>\n

Mulkia Investment Company acquires Riyadh hotel apartments worth 50 million riyals<\/a><\/p>\n

Arabian Business Saudi Arabia recognizes Riyad Bank as \u201cFastest Growing Bank in 2019\u201d<\/a><\/strong><\/p>\n

Ejar program concludes 2019 with 570,000 lease contracts and 48,000 inspection tours<\/a><\/strong><\/p>\n

Housing Minister calls on the private sector to support the \u201cGood Housing\u201d initiative\u201d<\/a><\/p>\n

Real estate deals<\/h4>\n

Minister of Housing during the budget program: 14 billion riyals allocated for the building technology incentive program and support for Saudi construction factories<\/a><\/strong><\/p>\n

Minister of Housing during the budget program: We exceeded the 2019 targets \u201cCompletion\u201d approves 99 plans Soon to be issued the owners' association system<\/a><\/strong><\/p>\n

1.8 billion riyals from white land fees will be used for infrastructure projects in the housing sector, says Majid al-Huqail<\/a><\/strong><\/p>\n

Al Rajhi Bank concludes the \u201cCorporate Credit Risk Management\u201d program\u201d<\/a><\/p>\n

Ministry of Finance signs agreement with Saudi Investment Bank to develop covenant disbursement method<\/a><\/strong><\/p>\n

The Capital Market Authority Approves the Offering of 30% Shares of Amlak International Real Estate Finance<\/a><\/strong><\/p>\n

Alinma Bank passes the global standard for business continuity<\/a><\/strong><\/p>\n

1.22 million homes expected to be financed during Vision 2030<\/a><\/p>\n

Analysis... Saudi Arabia's REITs are positive for 9 months<\/a><\/p>\n

As of the end of November 2019, more than 69 billion riyals worth of mortgage loans to individuals from financial institutions<\/a><\/p>\n

Shura Council calls on Kafalah to develop financing incentives to encourage investment in industry, technology and services<\/a><\/strong><\/p>\n

The Public Pension Agency intends to develop and invest 100 thousand square meters In agreement with \u201cRiyadh Capital\u201d<\/a><\/strong><\/p>\n

UNDP provides technical support for \u201cDevelopmental Housing\u201d initiatives\u201d<\/a><\/strong><\/p>\n

The Jewel of Rusaifa residential project to be delivered on schedule<\/a><\/strong><\/p>\n

12 banks and 5 finance companies that shortened the journey of real estate loans<\/a><\/p>\n

The Residential Program offers its services to employees of the Ministries of \u201cTrade\u201d and \u201dMunicipality and Rural Affairs\u201d<\/a><\/p>\n

Real estate deals<\/p>","protected":false},"excerpt":{"rendered":"

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