Riyadh – Mubasher: The Saudi real estate price index levelled down 1.6% year-on-year during the second quarter of 2018, General Authority for Statistics’ (GASTAT) report showed.
The drop in the Kingdom’s real estate price index was attributed to a 1.2% decline in prices of residential sector, followed by a 2.5% drop in commercial sector, and 0.3% decrease in agricultural sector, the report added.
Quarter-on-quarter, the GCC nation’s real estate price index inched down 0.7% due to a 0.8%, 0.4%, and 0.1% decline in residential, commercial, and agricultural sectors, respectively.
