Mortgages

Saudi Arabia’s residential market sees surge in mortgage activity, fueling housing supply growth

Saudi Arabia’s residential market sees surge in mortgage activity, fueling housing supply growth

  • Total value of agreements stood at $4.86 billion, marking an 8% rise year-on-year
  • Residential stock in Riyadh reached 1.46 million units in the first half of the year, while Jeddah’s inventory stood at 891,000
By MANAL AL-BARAKATI ·