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الاقتصادية
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الاقتصادية

2026-11-12T18:57:36.931Z

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الاقتصادية

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Property Finance at $260B

Property Finance at $260B

Saudi Minister of Municipalities and Housing Majid Al-Hogail said the Kingdom’s mortgage finance market is worth around $260 billion, while refinancing operations total $18.7 billion. The Saudi Real Estate Refinance Company aims to increase refinancing operations to more than $40 billion by 2030, while developing financing instruments and expanding investor participation. The rate of Saudi households that own their homes rose from around 47% in 2016 to more than 66% by the end of 2025, with a target of 70% by 2030.

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