Residential real estate finance for individuals rises 1% to SAR 152.5 bln in 2021: SAMA

Saudi Arabian banknotes

Residential real estate finance provided for individuals by banks in Saudi Arabia rose 1.2% to SAR 152.5 billion in 2021, compared to the year before, data issued by the Saudi Central Bank (SAMA) showed.

This funding was made through 201,500 contracts, compared to 225,100 contracts in 2020.

New Retail Residential Real Estate Finance (SAR bln)*
Period	Value	Change
2016	14.93	--
2017	18.92	+27%
2018	27.74	+47%
2019	78.96	+185%
2020	150.79	+91%
2021	152.54	+1%

In December 2021, real estate finance provided to individuals retreated 29% year-on-year (YoY) to SAR 12.6 billion but rose by SAR 829 million compared to November.

New Real Estate Finance (SAR mln)*
Period	2020	2021	Change
January	11084	16829	+52%
February	11682	14181	+21%
March	11844	18040	+52%
April	8637	15595	+81%
May	8751	8906	+2%
June	14392	8322	(42%)
July	12221	9381	(23%)
August	10874	12736	+17%
September	14059	12036	(14%)
October	12759	12139	(5%)
November	16678	11773	(29%)
December	17804	12602	(29%)

*Does not include interest

Villa mortgages accounted for 80%, or SAR 10 billion, of total housing loans provided in December 2021.

Apartments and land plots followed with SAR 2.18 billion and SAR 394 million, respectively.

New Real Estate Finance by Product Type (SAR mln)*
Period	Villas**	Apartments**	Land**
January	9706	2859	4263
February	8602	2411	3169
March	10624	3046	4370
April	8736	2855	4004
May	5296	1595	2016
June	3996	1689	2637
July	5018	1866	2498
August	7899	2716	2121
September	7717	2634	1685
October	9491	2272	376
November	9082	2276	415
December	10025	2183	394

*Doesn’t include interest.

** Updated data.

According to SAMA, a total of 16,100 contracts were signed between banks and retail clients in December, a decline of 34% YoY.

Number of New Real Estate Finance Contracts by Banks*
Period	2020**	2021**	Change
January	18,489	23,298	+26%
February	19,086	18,989	(1%)
March	18,559	23,380	+26%
April	13,305	19,889	+49%
May	12,961	11,495	(11%)
June	20,823	11,309	(45%)
July	18,692	12,809	(31%)
August	16,724	17,143	+3%
September	20,632	15,453	(25%)
October	18,083	16,223	(10%)
November	23,120	15,406	(33%)
December	24,599	16,087	(34%)

*Doesn’t include interest

** Updated data.

Financing firms provided new real estate finance worth SAR 260 million in December 2021, a drop of 41% YoY.

Number of New Real Estate Finance Contracts by Financing Firms (SAR mln)*
Period	2020	2021	Change
January	594	391	(34%)
February	455	382	(16%)
March	328	515	+57%
April	89	343	+285%
May	219	254	+16%
June	577	193	(67%)
July	510	191	(63%)
August	261	337	+29%
September	341	350	+2%
October	340	287	(16%)
November	439	264	(40%)
December	440	260	(41%)

*Doesn’t include interest

** Updated data.

Details and Historical Data of Banks' Key Indicators

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