Saudi Arabia: Mortgages Projected to Grow 40 Percent In 2020

Saudi Arabia: Mortgages Projected to Grow 40 Percent In 2020

Corporate loan growth continues to be driven by refinancing considering the first non-oil real GDP decline in 2020 in at least a decade for KSA. (Shutterstock). Mortgage growth in Saudi Arabia is likely to be strong having already clocked more than 50% of 2019 disbursements in the first four months of 2020, a report said.. "Though we expect slower growth for H2 2020, mortgage growth could reach 40+% in 2020 post which we expect much slower growth," the report said,. Saudi Arabia: Construction of Housing Units Registers 17 Percent Growth.