Riyadh – Mubasher: During the fourth quarter(Q4) 2020 Saudi Arabia’s real estate price index list down by 0.2% year-on-year (Y0Y).
In Regard to data from the General Authority for Statistics (GaStat), this fall was attributed to lesser prices of commercial real estate by 1.9%.
The increase in residential real estate prices by 0.5% favored reducing the decline in the general index. Whereas there was no significant change in the prices of agricultural real estate which is being noted.
On a quarterly basis, real estate prices increased up by 0.1% in Q4-20, favored by higher average prices of residential real estate 0.2%, mainly residential plots by 0.2%.