The General Authority for Statistics (GAS) released the Saudi Real Estate Price Index (RPI) report for the second quarter of 2018 on its official website www.stats.gov.sa.

. <The general real estate price index recorded a decrease of 0.7% compared to the previous quarter (Q1 2018), as the general real estate price index in the Kingdom reached (6.83) in Q2 2018 compared to (2.84) in Q1 2018,84) in Q1 2018, due to the decrease in the main sectors of the index, where the residential sector decreased by (0.8%), the commercial sector by (0.4%), and the agricultural sector by (0.1%) compared to the first quarter of this year.

<At the level of residential sector breakdown, the second quarter of 2018 witnessed slight decreases compared to the previous quarter, as residential land decreased by (0.9%), villas decreased by (1.7%), apartments decreased by (0.6%), while houses decreased by (0.At the level of the commercial sector, commercial plots decreased compared to the previous quarter by (0.4%), and at the level of the agricultural sector, agricultural land decreased by (0.1%).

<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 time periods, and the index includes three main sectors consisting of several real estate items: Residential sector and consists of the following items (land plot, building, villa, apartment and house), commercial sector and consists of items (land plot, building, store/shop and commercial center), agricultural sector and includes one item, agricultural land.

The index includes three main sectors consisting of several real estate items.