Riyadh April 15 2024: Saudi Arabia Real Estate Price Index increased by 0.6% in the first quarter of 2024 compared to the same quarter in 2023, affected by a 1.2% increase in the prices of residential sector real estates, according to data released by General Authority for Statistics.
However, prices have fallen in both commercial sector real estates by 0.5%, and agricultural sector real estates by 0.1%.
Prices of residential sector real estates rose by 1.2%, affected by a 1.2% increase in the prices of residential lands. Due to the significant weight of the residential sector in the general index, it had a major impact on the general index increase.
