{"id":70870,"date":"2024-11-06T10:02:59","date_gmt":"2024-11-06T07:02:59","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=70870"},"modified":"2025-11-26T01:10:37","modified_gmt":"2025-11-26T01:10:37","slug":"%d8%a7%d9%84%d8%aa%d9%85%d9%88%d9%8a%d9%84-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a-%d8%ae%d9%84%d8%a7%d9%84-%d8%b3%d8%a8%d8%aa%d9%85%d8%a8%d8%b1-%d8%b2%d9%8a%d8%a7%d8%af%d8%a9-%d9%81%d9%8a-%d9%82","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/70870\/","title":{"rendered":"Real estate financing in September. Increase in bank loans, decrease in corporate loans"},"content":{"rendered":"<p>In an indicator reflecting the growing activity in the sector <strong><a href=\"https:\/\/amlak.net.sa\/en\/69861\/\">Real estate finance<\/a><\/strong>Saudi banks recorded a significant increase in the volume of new residential mortgage financing provided to individuals during September 2024, indicating positive shifts in the real estate market despite economic challenges.<\/p>\n<p>Data released by the<strong><a href=\"https:\/\/www.sama.gov.sa\/\"> Saudi Central Bank<\/a> <\/strong>(SAMA) The volume of new residential mortgage financing provided by banks to individuals rose in September 2024, reaching 6.82 billion riyals, marking a 17% increase compared to the same month of the previous year.<\/p>\n<p>SAMA data showed that the total number of contracts signed between banks and individuals during the same month reached approximately 9,320, reflecting growing demand for housing finance and an increasing trend toward home purchases.<\/p>\n<p>Residential villas accounted for the largest share of total bank financing in September 2024, reaching 3.88 billion riyals, compared to 3.79 billion riyals at the end of last August, equivalent to 57% of total financing. Residential apartments ranked second with financing of 2.54 billion riyals, compared to 2.44 billion riyals at the end of August, followed by land at 397 million riyals, compared to 362 million riyals at the end of August.<\/p>\n<p>In contrast, it recorded <strong><a href=\"https:\/\/amlak.net.sa\/en\/68949\/\">Real estate finance<\/a> <\/strong>Residential financing provided to individuals by finance companies declined by 24% in September, reaching only 202 million riyals, reflecting the challenges these companies face compared to banks in offering attractive financing options to individuals.<\/p>\n<p>According to SAMA data, the total value of mortgage loans extended by commercial banks rose to 814.64 billion riyals at the end of the second quarter of 2024, compared to 88.46 billion riyals at the end of the first quarter of the same year. The bulletin indicated that the volume of loans extended to individuals reached 639.52 billion riyals at the end of the second quarter, compared to 625.24 billion riyals at the end of the first quarter. As for real estate loans extended to companies, they totaled 175.11 billion riyals at the end of the second quarter, compared to 175.22 billion riyals at the end of the first quarter of 2024.<\/p>\n<p>This notable increase in bank financing reinforces expectations of continued growth in the real estate sector, driven by individuals\u2019 preference for villas and apartments as their primary housing options, while the corporate financing market still needs new strategies to attract customers and boost its market share.<\/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>In a sign of growing activity in the mortgage sector, Saudi banks recorded a notable increase in the volume of new residential mortgage financing provided to individuals during September 2024, indicating positive shifts in the real estate market despite economic challenges. Data released by the Saudi Central Bank (SAMA) showed an increase in the volume of new residential mortgage financing provided by banks to \u2026 <a title=\"Real estate financing in September. Increase in bank loans, decrease in corporate loans\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/70870\/\" aria-label=\"Read more about real estate financing in September... An increase in bank loans and a decline in corporate loans\">Read more<\/a><\/p>","protected":false},"author":27,"featured_media":70162,"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-70870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-finance"],"acf":{"amlak_post_excerpt":"\u0633\u0627\u0645\u0627: 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