Riyadh – Mubasher: The real estate price index of Saudi Arabia tumbled 6.3% year-on-year in the third quarter of 2017, the Saudi General Authority for Statistics’ (GASTAT) data showed.
The drop is attributed to the decline in real estate price index for the commercial sector by 8.9%, followed by the residential sector with 5.4%, and agricultural sector with 0.8%, the GASTAT added.
Quarter-on-quarter, the real estate price index remained unchanged.
The real estate price index for the commercial sector fell 1%, whereas it inched up 0.4% for the residential sector, while it remained stable for the agricultural sector on a quarterly basis.
