Riyadh city
The Saudi real estate price index edged down 0.2% year-on-year (YoY) in the fourth quarter of 2020 -- bucking a one-year winning streak -- to 80.6 points, data issued by the General Authority for Statistics (GASTAT) showed.
The base year for the index is 2014 (100 base points).
|
Saudi Real Estate Price Index |
||
|
Period |
Price Index (Points) |
YoY variation (%) |
|
Q1 2014 |
98.2 |
-- |
|
Q2 |
99.3 |
-- |
|
Q3 |
101.0 |
-- |
|
Q4 |
101.6 |
1.6 % |
|
Q1 2015 |
99.2 |
1.0 % |
|
Q2 |
98.1 |
(1.2%) |
|
Q3 |
96.4 |
(4.6%) |
|
Q4 |
95.8 |
(5.7%) |
|
Q1 2016 |
94.8 |
(4.4%) |
|
Q2 |
92.9 |
(5.3%) |
|
Q3 |
90.7 |
(5.9%) |
|
Q4 |
87.5 |
(8.7%) |
|
Q1 2017 |
85.5 |
(9.8%) |
|
Q2 |
84.9 |
(8.6%) |
|
Q3 |
84.9 |
(6.4%) |
|
Q4 |
84.6 |
(3.3%) |
|
Q1 2018 |
84.2 |
(1.5%) |
|
Q2 |
83.6 |
(1.5%) |
|
Q3 |
82.3 |
(3.1%) |
|
Q4 |
80.4 |
(5.0%) |
|
Q1 2019 |
80.1 |
(4.9%) |
|
Q2 |
80.4 |
(3.8%) |
|
Q3 |
80.1 |
(2.7%) |
|
Q4 |
80.8 |
0.5% |
|
Q1 2020 |
81.1 |
1.2 % |
|
Q2 |
81.0 |
0.7 % |
|
Q3 |
80.5 |
0.5% |
|
Q4 |
80.6 |
(0.2%) |
The real estate price index comprises three sectors: Residential, which covers residential land plots, buildings, villas, apartments, and houses; commercial, which covers commercial land plots, buildings, shops and malls; and the agricultural sector that covers agricultural land.
The index decline in Q4 2020 was attributed to a 1.9% drop in the commercial real estate sector. The residential sector edged up 0.5%, contributing to reducing the decline in the general index. Meanwhile the agricultural sector remained unchanged in Q4 2020.
|
Change in Saudi Real Estate Price Index Main Sectors (Q4 2020/2019) |
|||
|
Sector |
Variation (%) |
Main Items |
|
|
Item |
Variation (%) |
||
|
Residential |
+0.5% |
Plot of land |
+0.5% |
|
Building |
(1.8%) |
||
|
Villa |
+0.3% |
||
|
Apartment |
(1.2%) |
||
|
House |
(1.0%) |
||
|
Commercial |
(1.9%) |
Plot of land |
(1.9%) |
|
Building |
-- |
||
|
Gallery/shop |
+1.8% |
||
|
Commercial center |
-- |
||
|
Agricultural |
-- |
Agricultural land |
-- |
|
Relative Importance of Sectors and Items |
|
|
Sectors and items |
Relative importance (%) |
|
General index |
100.0% |
|
Residential |
65.4% |
|
Plot of land |
62.2% |
|
Building |
0.03% |
|
Villa |
0.4% |
|
Apartment |
2.6% |
|
House |
0.2% |
|
Commercial |
31.0% |
|
Plot of land |
30.9% |
|
Building |
0.003% |
|
Gallery/shop |
0.1% |
|
Commercial center |
0.1% |
|
Agricultural |
3.6% |
|
Agricultural land |
3.6% |
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