Saudi SAMA: Mortgage jumps 3 times in Q1 of 2019

The number of residential mortgage financing contracts for individuals during this quarter reached 31,462 with a total value of approximately $4.08bln

The number of residential mortgage financing contracts for individuals during this quarter reached 31,462 with a total value of approximately SR15 billion, achieving 221 percent growth in the number of contracts, and about 133 percent in the volume of financing compared with the same quarter of 2018, the Saudi Press Agency reported.

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Source : Saudi SAMA: Mortgage jumps 3 times in Q1 of 2019