Riyadh – Mubasher: The Saudi real estate price index decreased 3.2% year-on-year in the fourth quarter of 2017, the Saudi General Authority for Statistics (GASTAT) said in a report released Sunday.
The drop in the Kingdom’s real estate price index was attributed to a 2.2% decline in prices of residential sector, followed by 5.7% in commercial sector, and 0.6% in agricultural sector, the GASTAT added.
Quarter-on-quarter, Saudi real estate price index shed 0.3% in Q4-17.
Prices in residential, commercial, and agricultural sectors inched down 0.2%, 0.7%, and 0.1%, respectively during Q4-17.
