The quarterly general index of the general index of real estate prices in the Kingdom of Saudi Arabia for the fourth quarter of 2017, issued by the General Authority for Statistics this week, showed a decline of 3.2% compared to the corresponding quarter of last year (Q4 2016), and the index attributed this decline to the decline in the main sectors that make up the index: Residential (2.2%), Commercial (5.7%) and Agricultural (0.6%). <The index includes three main sectors consisting of several real estate items: Residential sector, consisting of the following items (land plot, building, villa, apartment and house), Commercial sector, consisting of the following items (land plot, building, store/shop and shopping center), Agricultural sector, under which one item is agricultural land.

The index includes three main sectors consisting of several real estate items. The index is based on record data available at the Ministry of Justice on real estate transactions, and is considered an important tool to support stakeholders in making economic and statistical decisions related to real estate price movements and future forecasts during different periods of time.

The index recorded a decrease of (0.3%) compared to the previous quarter (Q3 2017), reaching (84.6) in Q4 2017 compared to (84.9) in the previous quarter.

The main sectors that make up the index witnessed varying percentages of decline: Residential (0.2%), Commercial (0.7%) and Agricultural (0.1%).