Saudi real estate loans to individuals rise by 16% in 2018 | ZAWYA MENA Edition:
The total value of real estate loans to individuals in Saudi Arabia increased by around 16 percent to 154.67 billion Saudi riyals ($41.24 billion) in 2018, up from 133.58 billion Saudi riyals in 2017, the latest official figures show.
Banks’ total amount of property loans to individuals reached 141.36 billion Saudi riyals in 2018, in comparison to 121.44 billion Saudi riyals in 2017, according to a statistical report by the Saudi Arabian Monetary Authority (SAMA).
As for finance companies, the total value of real estate loans to individual reached 13.31 billion Saudi riyals in 2018 in comparison to 12.14 billion Saudi riyals in 2017.
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