Bank Loans to Real Estate Sector Hit MVR 3.5 Billion, Up 45% from Last Year

Loans issued by banks to the Maldivian real estate sector have reached MVR 3.5 billion, according to the latest statistics from the Maldives Monetary Authority (MMA). The figure represents an incre...

Mohamed Hilmy

25 September 2025, 00:00

Data from the central bank further shows that over the past three years, lending to real estate businesses has expanded by 67 percent, underscoring growing investment in the sector. Currently, real estate accounts for 10 percent of the total loans issued by Maldivian banks.

The tourism sector continues to dominate lending, with banks issuing MVR 12.5 billion in loans to tourism service providers by the end of July. The construction sector also saw substantial financing, with outstanding loans reaching MVR 6.2 billion.

Overall, the total value of bank loans in the country climbed to MVR 35.6 billion by the end of July, an increase of MVR 500 million compared to June and MVR 1.7 billion higher than in December last year.

MMA’s figures highlight the steady growth of credit extended to key economic sectors, with real estate emerging as one of the fastest-expanding areas of borrowing.

Bank Loans to Real Estate Sector Hit MVR 3.5 Billion, Up 45% from Last Year

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