GPS data revealed that general real estate price index for the second quarter of 2022 increased by 0.7% compared to the same quarter of 2021, due to a 1.9TP3T increase in residential real estate prices.

In details, rising residential land prices had the largest impact on the rise in real estate prices in the second quarter of this year compared to the same period last year, as the residential sector recorded a rise of 1.9 %, influenced by the rise in residential plot prices by 0.2 %, year-on-year in the second quarter of 2022.

Residential land prices increased by 1.9 %. Given the weight of the residential sector, it had a significant impact on the rise in the overall index, and among other residential properties, prices of villas decreased by 1.1%, apartments by 1.%, and houses by 0.9TP3T.

Among other residential properties, prices of villas decreased by 1.1%, apartments by 1.%, and houses by 0.9TP3T.

The commercial sector recorded a decrease of 1.5 %, affected by the decrease in prices of commercial plots by 1.5 %, as well as the decrease in prices of exhibitions by 1.1 1 %.

The prices of residential buildings stabilized and recorded no significant relative change. Commercial centers prices increased by 0.1 %, on the other hand, commercial buildings prices stabilized and recorded no significant relative change, and the agricultural sector recorded a decrease of 0.6 % affected by the decrease in agricultural land prices.

The agricultural sector recorded a decrease of 0.6 % affected by the decrease in agricultural land prices.