Loans given to real estate industry at MVR 3.5 billion

Loans taken by real estate businesses from banks are now at MVR 3.5 billion.

Statistics from Maldives' central bank Maldives Monetary Authority (MMA) show an MVR 1.1 billion or 45 percent increase from January 2024 to July 2024. 

The last three years see an increase of 67 percent in loans given to real estate businesses.

10 percent of loans taken out from Maldives' banks is from real estate. Tourism is the industry with the biggest loan takeouts. Loans given to tourism service providers are at MVR 12.5 billion from January 2025 to July 2025.

The construction industry has taken out loans totaling MVR 6.2 billion January 2025 to July 2025. 

A total loan amount of MVR 35.6 billion has been given out by banks from January 2025 to July 2025. This is an MVR 500 million increase from June and an increase of MVR 1.7 billion from December 2024.