The real estate price index declined by 9.9% during the first quarter of 2017, compared to the same quarter of 2016.

The General Authority for Statistics (GASTAT) explained in a statement that the decline was due to changes in the constituent sectors of the index, represented by a decrease in the residential sector by 9.5%, the commercial sector by 11.7%, and the agricultural sector by 1.3%.

The General Authority for Statistics (GASTAT) said in a statement that the decline was due to changes in the sectors of the index. The real estate price index for the first quarter of 2017 decreased by 2.3% compared to the fourth quarter of 2016, attributing this to changes in the constituent sectors of the index.

It added that the real estate price index for the first quarter of 2017 decreased by 2.3% compared to the fourth quarter of 2016. It added that the residential sector declined by 2.6%, the commercial sector by 1.8% and the agricultural sector by 0.3%.

It added that the residential sector declined by 2.6%, the commercial sector by 1.8% and the agricultural sector by 0.3%.