The Saudi real estate price index levelled down 1.6 per cent year-on-year during the second quarter of 2018, reported Mubasher, citing data from the kingdom's General Authority for Statistics.
The drop in the kingdom’s real estate price index was attributed to a 1.2 per cent decline in prices of residential sector, followed by a 2.5 per cent drop in commercial sector, and 0.3 per cent decrease in agricultural sector, stated the report.
Quarter-on-quarter, the GCC nation’s real estate price index inched down 0.7 per cent due to a 0.8 per cent, 0.4 per cent, and 0.1 per cent decline in residential, commercial, and agricultural sectors, respectively, it added.
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