Saudi Arabia’s real estate index rises 0.4% in Q1 2022

21/04/2022 Argaam Special
Riyadh city

Riyadh city


The Saudi real estate price index edged up 0.4% in the first quarter of 2022 to 81.7 points from 81.3 a year earlier, 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 change (%)

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

(4.8%)

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%)

Q1 2021

81.3

0.2%

Q2

81.3

0.4%

Q3

80.9

0.5%

Q4

81.3

0.9%

Q1 2022

81.7

0.4%

 
 

The real estate index comprises three segments:  Residential sector, which covers residential land plots, buildings, villas, apartments, and houses; the commercial sector, which covers commercial land plots, buildings, shops and malls; and the agricultural sector that covers agricultural land.

 

The increase in real estate index in Q1 2022 is attributed to a 1.5% increase in the residential sector, while commercial and agricultural sectors fell by 1.7% and 0.5%, respectively.

 

Change in Saudi Real Estate Price Index Main Sectors (Q1 2021/2022)

Segment

Change

Main Items

Item

Change

Residential

+ 1.5%

Land plot

+ 1.8%

Building

--

Villa

(7.4%)

Apartment

(3.4%)

House

(1.2%)

Commercial

(1.7%)

Land plot

(1.7%)

Building

--

Showroom/shop

+ 0.1%

Commercial center

--

Agricultural

(0.5%)

Agricultural land

(0.5%)

 

Relative Importance of Sectors and Items

General Index

100.00

Residential

65.37

Land plot

62.16

Building

0.03

Villa

0.40

Apartment

2.58

House

0.21

Commercial

31.02

Land plot

30.87

Building

0.003

Showroom/shop

0.08

Commercial center

0.07

Agricultural

3.61

Agricultural land

3.61

 

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.