{"id":66913,"date":"2024-07-04T13:41:24","date_gmt":"2024-07-04T10:41:24","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=66913"},"modified":"2025-11-26T03:11:07","modified_gmt":"2025-11-26T03:11:07","slug":"%d8%a7%d9%84%d9%82%d8%b1%d9%88%d8%b6-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a%d8%a9-%d8%a8%d8%a7%d9%84%d9%85%d9%85%d9%84%d9%83%d8%a9-%d8%aa%d8%b3%d8%ac%d9%84-827-35-%d9%85%d9%84%d9%8a%d8%a7%d8%b1","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/66913\/","title":{"rendered":"Real estate loans in Saudi Arabia recorded 827.35 billion riyals in the first quarter 2024"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:39\">Data released by the Saudi Central Bank (SAMA) showed that<strong><a href=\"https:\/\/amlak.net.sa\/en\/66319\/\"> Real estate loans<\/a><\/strong> Loans granted by finance companies during the first quarter of 2024 saw slight growth of 1% year-over-year, reaching 27.35 billion Saudi riyals compared to 27.07 billion Saudi riyals in the same period of 2023.<\/p>\n<h4 data-sourcepos=\"5:1-5:34\"><span style=\"color: #800000;\"><strong>The Dominance of Personal Mortgages:<\/strong><\/span><\/h4>\n<p data-sourcepos=\"7:1-7:234\">Acquired<strong><a href=\"https:\/\/amlak.net.sa\/en\/65966\/\"> Real estate loans<\/a> <\/strong>Loans granted to individuals by finance companies accounted for the largest share of total loans, amounting to 22.90 billion Saudi riyals, or 84% of total loans. Meanwhile, real estate loans granted to companies accounted for only 16% of total loans, amounting to 4.44 billion Saudi riyals.<\/p>\n<p>The monthly bulletin noted that new residential mortgage financing for individuals provided by banks is distributed across three sectors, with financing in the villa sector reaching 14.5 billion during the first quarter, compared to more than 15.6 billion riyals during the first quarter of 2023, It added that residential mortgage financing in the apartment sector reached 6.1 billion riyals during the first quarter of 2024, compared to more than 5.8 billion riyals during the same quarter of last year.<\/p>\n<p>She also noted that total residential real estate financing in the land sector exceeded 1.3 billion riyals during the first quarter of this year, compared to more than 1.2 billion riyals during the first quarter of last year.<\/p>\n<h4 data-sourcepos=\"9:1-9:38\"><span style=\"color: #800000;\"><strong>Massive Growth in Commercial Bank Loans:<\/strong><\/span><\/h4>\n<p data-sourcepos=\"11:1-11:236\">In contrast, it recorded<strong><a href=\"https:\/\/amlak.net.sa\/en\/65163\/\"> Real estate loans<\/a><\/strong> Lending by commercial banks in the Kingdom rose significantly by 94.5% year-over-year during the first quarter of 2024, reaching 800.5 billion Saudi riyals, compared to 705.9 billion Saudi riyals in the same period of 2023.<\/p>\n<h4 data-sourcepos=\"13:1-13:43\"><strong>The Dominance of Personal Loans in Commercial Banks:<\/strong><\/h4>\n<p data-sourcepos=\"15:1-15:302\">According to the Saudi Central Bank\u2019s monthly statistical bulletin for May, the figure reached <strong><a href=\"https:\/\/amlak.net.sa\/en\/66319\/\">Real estate loans<\/a> <\/strong>Commercial banks extended 625.2 billion Saudi riyals in loans to individuals during the first quarter, representing 78% of total mortgage loans extended by commercial banks, compared to 566.9 billion riyals during the first quarter of 2023. Meanwhile, mortgage loans extended to companies accounted for only 22% of total commercial bank loans, amounting to 175.2 billion Saudi riyals, compared to 139 billion riyals during the first quarter of 2023.<\/p>\n<p data-sourcepos=\"19:1-19:324\">This disparity in growth rates between finance companies and commercial banks suggests that various factors may be driving this difference. These factors may include finance companies\u2019 focus on specific borrower segments or specific types of real estate, while commercial banks may have a greater ability to offer mortgage loans at competitive interest rates to attract more customers.<\/p>\n<p data-sourcepos=\"23:1-23:193\">Overall, the performance of mortgage loans during the first quarter of 2024 indicates continued strong demand for real estate in Saudi Arabia, with varying growth rates among finance companies and commercial banks.<\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">Minutes<\/span><\/span>Data released by the Saudi Central Bank (SAMA) showed that real estate loans granted by finance companies during the first quarter of 2024 witnessed a slight growth of 1% year-on-year, reaching SAR27.35 billion compared to SAR27.07 billion in the same period of 2023. Dominance of retail mortgages: Loans ... <a title=\"Real estate loans in Saudi Arabia recorded 827.35 billion riyals in the first quarter 2024\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/66913\/\" aria-label=\"Read more about Mortgage Loans in the Kingdom Reach 827.35 Billion Riyals in the First Quarter of 2024\">Read more<\/a><\/p>","protected":false},"author":27,"featured_media":55831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[119],"tags":[],"class_list":["post-66913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-finance"],"acf":{"amlak_post_excerpt":"\u0627\u0644\u0645\u0635\u0627\u0631\u0641 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