{"id":74063,"date":"2025-02-05T15:21:47","date_gmt":"2025-02-05T12:21:47","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=74063"},"modified":"2025-11-25T23:43:14","modified_gmt":"2025-11-25T23:43:14","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-%d9%8a%d9%82%d9%81%d8%b2-%d8%a5%d9%84%d9%89-91-1-%d9%85%d9%84%d9%8a%d8%a7%d8%b1-%d8%b1%d9%8a%d8%a7%d9%84-%d9%81","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/74063\/","title":{"rendered":"Retail real estate financing jumps to SAR 93.6 billion in 2024 And villas are leading"},"content":{"rendered":"

The Real estate finance<\/a> <\/strong>Saudi Arabia's residential market will grow significantly through 2024, driven by low interest rates and increasing demand for home ownership.<\/p>\n

Data released by the Saudi Central Bank<\/a><\/strong> (SAMA) The volume of new residential mortgage financing provided to individuals by banks rose to SAR 91.1 billion, an increase of 17% compared to 2023.<\/p>\n

December is the highest funded since 2022<\/strong><\/span><\/h4>\n

At the level of Real estate finance<\/a><\/strong> On a monthly basis, December 2024 saw the highest financing value during the year, amounting to SAR 11.94 billion, the highest level since August 2022.<\/p>\n

The impact of interest rate cuts on funding growth<\/span><\/h4>\n

This growth came as the Saudi central bank cut its reverse repo and repo rates three times over the past year to 450 and 500 basis points, respectively, in line with the U.S. Federal Reserve's decisions.<\/p>\n

Increase in the number of contracts and decrease in average loans<\/span><\/h4>\n

According to SAMA data, the total contracts concluded between banks and individuals during 2024 amounted to 122.3 thousand contracts, while the average value of new real estate financing amounted to 744.6 thousand riyals, compared to 755.9 thousand riyals in 2023.<\/p>\n

Villas top financing options<\/span><\/h4>\n

Residential villas accounted for the largest share of the total residential real estate financing provided by banks, amounting to SAR 58.3 billion, representing 64% of the total financing. Apartments came in second with SAR 28.1 billion, followed by land worth SAR 4.7 billion.<\/p>\n

Decline in real estate financing from finance companies<\/span><\/h4>\n

In contrast, the volume of new residential real estate financing provided to individuals by financing companies decreased by 16% to reach 2.57 billion riyals in 2024, reflecting the decline in reliance on these entities compared to banks.<\/p>\n

This growth in real estate financing comes in light of the Kingdom's efforts to promote home ownership, in line with the targets of Vision 2030 to raise the homeownership rate to 70%.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>Saudi Arabia's residential real estate finance sector recorded remarkable growth in 2024, driven by low interest rates and increased demand for home ownership. Data released by the Saudi Central Bank (SAMA) showed that the volume of new residential real estate financing provided to individuals by banks rose to SAR 91.1 billion, an increase of 17% compared to 2023. December is the highest financing since 2022 on ... Read more<\/a><\/p>","protected":false},"author":27,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[119],"tags":[],"class_list":["post-74063","post","type-post","status-publish","format-standard","hentry","category-real-estate-finance"],"acf":{"amlak_post_excerpt":"\u062e\u0641\u0636 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0639\u0632\u0632 \u0627\u0644\u0637\u0644\u0628 \u0641\u0634\u0647\u062f\u062a \u0627\u0644\u0628\u0646\u0648\u0643 91.1 \u0645\u0644\u064a\u0627\u0631\u0627\u064b \u0648122.3 \u0623\u0644\u0641 \u0639\u0642\u062f \u0628\u0645\u062a\u0648\u0633\u0637 744.6 \u0623\u0644\u0641 \u0631\u064a\u0627\u0644.","amlak_post_excerpt_source":{"label":"Amlak post excerpt","type":"text","formatted_value":"\u062e\u0641\u0636 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0639\u0632\u0632 \u0627\u0644\u0637\u0644\u0628 \u0641\u0634\u0647\u062f\u062a \u0627\u0644\u0628\u0646\u0648\u0643 91.1 \u0645\u0644\u064a\u0627\u0631\u0627\u064b \u0648122.3 \u0623\u0644\u0641 \u0639\u0642\u062f \u0628\u0645\u062a\u0648\u0633\u0637 744.6 \u0623\u0644\u0641 \u0631\u064a\u0627\u0644."}},"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","trp-custom-language-flag":"","event-thumbnail":"","event-medium":"","event-large":"","event-hero":""},"author_info":{"info":["\u0623\u0645\u0644\u0627\u0643 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629"]},"category_info":"\u062a\u0645\u0648\u064a\u0644 \u0639\u0642\u0627\u0631\u064a<\/a>","tag_info":"\u062a\u0645\u0648\u064a\u0644 \u0639\u0642\u0627\u0631\u064a","comment_count":"0","_links":{"self":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/74063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=74063"}],"version-history":[{"count":0,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/74063\/revisions"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=74063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=74063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=74063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}