16 Days
Source:
الاقتصادية
Saudi Arabia sees first mortgage growth in 9 months
The residential housing finance sector in Saudi Arabia experienced a rebound in April, recording its first year-on-year increase of 0.5% after nine months of decline, with financing reaching approximately 6.3 billion riyals. The rise was primarily driven by an increase in villa financing, which grew by 7% to reach 4.2 billion riyals, the highest level in 11 months. The land sector also saw a revival, expanding by 17%, while financing for apartments continued to decline for the twelfth straight month.
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