The real estate price index index in Saudi Arabia increased by 0.6% in the first quarter of 2024, compared to the same quarter in 2023, affected by the rise in residential sector real estate prices by 1.2%.<\/p>\n
According to a report issued by the Saudi Statistics Authority, the prices of both commercial sector real estate decreased by 0.5%, and agricultural sector real estate prices decreased by 0.1%.<\/p>\n
Real estate prices in the residential sector increased by 1.2%, affected by the increase in the prices of residential land plots by 1.2%, and given the heavy weight of the residential sector in the general index, it had a significant impact on the rise in the general index, according to the report.
\nThe real estate price index index increased by 0.6% in the first quarter of 2024 compared to the same quarter in 2023, affected by the rise in residential sector real estate prices by 1.2%.<\/p>\n
Among other residential properties, apartment prices increased by 0.8%, while prices for residential buildings decreased by 0.2%, villas by 2.3%, and houses by 1.6%.
\nOn the other hand, real estate prices in the commercial sector decreased by 0.5%, affected by the decrease in the prices of commercial land plots by 0.5%, as well as the prices of commercial exhibitions by 1.1%, while the prices of commercial buildings and commercial centers stabilized in the first quarter of 2024 and did not record any significant change.<\/p>\n
The agricultural sector recorded a decrease of 0.1% as a result of a decrease in agricultural land prices by 0.1%.<\/p>\n
The general real estate price index increased by 0.3% during the first quarter of 2024 compared to the previous quarter, the fourth quarter of 2023.<\/p>\n
The quarterly real estate index was affected by an increase in residential sector prices by 0.4%, influenced by an increase in the prices of residential land plots, which rose by 0.4%.<\/p>\n
Among other residential properties, apartment prices increased by 0.7%, while condominium prices decreased by 0.2%, villas by 0.4%, and house prices by 1.0%.<\/p>\n
While the prices of the commercial sector recorded stability and did not record any significant relative change, due to the decrease in the prices of commercial exhibitions by 0.3%, while the prices of commercial land plots, buildings, and commercial centers stabilized, and did not record any significant relative change in the first quarter of 2024.<\/p>\n
On the other hand, agricultural sector prices stabilized and recorded no significant change in the first quarter of 2024.<\/p>","protected":false},"featured_media":404,"parent":0,"menu_order":0,"template":"","news_cat":[9],"class_list":["post-238","news","type-news","status-publish","has-post-thumbnail","hentry","news_cat-9"],"acf":[],"_links":{"self":[{"href":"https:\/\/rowad-u.com\/en\/wp-json\/wp\/v2\/news\/238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rowad-u.com\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/rowad-u.com\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rowad-u.com\/en\/wp-json\/wp\/v2\/media\/404"}],"wp:attachment":[{"href":"https:\/\/rowad-u.com\/en\/wp-json\/wp\/v2\/media?parent=238"}],"wp:term":[{"taxonomy":"news_cat","embeddable":true,"href":"https:\/\/rowad-u.com\/en\/wp-json\/wp\/v2\/news_cat?post=238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}