RIYADH — The volume of new residential mortgage financing provided by finance companies to individuals in Saudi Arabia reached SR604 million during the third quarter of 2026. This marks an 8 percent increase compared to the third quarter of 2025 when it stood at SR559 million, according to the monthly statistical report released by the Saudi Central Bank (SAMA).The bulletin cited the breakdown of financing for individuals provided by finance companies across three sectors: villas, apartments, and land. It showed that financing in the villa sector stood at SR210 million in Q3 2026, compared to SR211 million in Q3 2025. Financing for apartments increased to SR310 million, up from SR295 million during the same period. Meanwhile, financing in the land sector rose to SR84 million in Q3 2026, compared to SR53 million in the third quarter of 2025. The report noted that the volume of new residential mortgage financing extended to individuals by finance companies declined by 15 percent in the third quarter of 2026 compared to the second quarter of the same year. Financing totaled SR604 million in Q3 2026, down from SR711 million in Q2 2026.According to the report, financing in the villa sector amounted to SR210 million in Q3 2026, compared to SR269 million in Q2 2026. Apartment financing reached SR310 million, down from SR332 million, while financing in the land sector stood at SR84 million, compared to SR111 million in the second quarter of 2026.The report indicated that new residential mortgage financing for individuals provided by finance companies increased by 3.2 percent in the third quarter of 2026 compared to the first quarter of the year, rising to SR604 million from SR585 million. It also showed that financing in the villa sector amounted to SR210 million in Q3 2026, compared to SR249 million in Q1 2026. Apartment financing increased to SR310 million from SR279 million, while financing in the land sector rose to SR84 million, compared to SR57 million during the first quarter.The report further stated that new residential mortgage financing for individuals in the villa sector stood at SR210 million in Q3 2026, compared to SR284 million in Q4 2025. Financing in the apartment sector amounted to SR310 million, down from SR353 million during the fourth quarter of 2025. Meanwhile, financing in the land sector reached SR84 million in Q3 2026, compared to SR100 million in Q4 2025, the SAMA report pointed out.
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