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Saudi Property Finance Hits $260 Billion, Homeownership Exceeds 66%
Saudi Arabia targets 70% homeownership by 2030 through expanded financing.
Saudi Arabia's real estate finance market has reached $260 billion, with homeownership among Saudi families exceeding 66%, according to Housing Minister Majed Al-Hogail.
The Kingdom aims to achieve 70% homeownership by 2030 under Saudi Vision 2030, supported by mortgage refinancing, housing development and international investment.
The Saudi Real Estate Refinance Company (SRC) plans to refinance more than $40 billion by 2030, strengthening market liquidity, housing affordability and long-term real estate financing opportunities.
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