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 |
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