Saudi residential mortgage financing rises 8% year-on-year to SR604m
Finance companies' new home loans to individuals increased in Q3 2026 compared with a year earlier, though quarterly growth slowed.
At a glance
- Residential mortgage financing rose 8% year-on-year to SR604 million in Q3 2026
- Apartment financing grew to SR310 million, the largest sector by volume
- Land sector financing increased significantly to SR84 million from SR53 million
- Quarterly financing declined 15% compared with Q2 2026
New residential mortgage financing provided by finance companies to individuals in Saudi Arabia reached SR604 million in the third quarter of 2026, up 8 percent from SR559 million in the same period of 2025, according to data from the Saudi Central Bank.
Apartment financing led growth, rising to SR310 million from SR295 million year-on-year, while land sector financing increased to SR84 million from SR53 million. Villa sector financing remained relatively flat at SR210 million versus SR211 million. However, quarterly figures showed a 15 percent decline from the second quarter of 2026, when financing totalled SR711 million.
Why it matters
The data reflects trends in Saudi Arabia's residential property financing market and household borrowing patterns for home purchases across different property types.
Original reporting
This brief was written with AI assistance from the reports listed above and checked against our editorial policy. Spotted an error? Request a correction.
