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Saudi new home loans drop to 23B riyals
The volume of new mortgage financing for individuals in Saudi Arabia declined by 34.32% during the first four months of 2026, reaching 23 billion riyals compared to 34.9 billion riyals in the same period of the previous year. Additionally, the number of financed contracts decreased by 24.5% to 34,300 contracts, with bank financing dropping by 35.2% to 22.07 billion riyals. In April 2026, mortgage loans saw a monthly increase of 51.09%, reaching 6.326 billion riyals, while financing from financing companies rose by 58% to 265 million riyals.
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