RIYADH: Saudi Arabia’s mortgage financing portfolio has exceeded SR900 billion ($240 billion) so far in 2025, reflecting the Kingdom’s accelerating real estate transformation under Vision 2030, the minister of municipalities and housing said.
Speaking during a ministerial session at the third Qatar Real Estate Forum in Doha, where Saudi Arabia served as the guest of honor, Majid Al-Hogail reviewed the sector’s progress driven by regulatory reforms, digital transformation, and new investment models.
The surge in mortgage lending is a direct result of ongoing reforms and institutional strengthening under Vision 2030, which targets a 70 percent homeownership rate for citizens.
In a release, the ministry stated: “Al-Hogail stressed that real estate financing has become the cornerstone for the success and sustainability of real estate development, noting that its volume in the Kingdom has increased from about SR200 billion to more than SR900 billion in 2025.”
He added that it now accounts for 27 percent of Saudi banks’ portfolios, supported by the Saudi Real Estate Refinance Co., which has issued sukuk on the London Stock Exchange to deepen capital market integration.
