<The total value of real estate transactions during the third quarter of 2022 amounted to about 45 billion riyals, a slight increase (0.8%) from last year, while it recorded a quarterly decrease compared to the second quarter of this year by 26.2%. The area of real estate transactions during the third quarter recorded a record annual decrease of 70.8 percent. The data indicates that the value of real estate transactions during the first nine months of this year rose to 172.3 billion riyals, by 12%, compared to the same period last year, and the area of real estate transactions for the same period decreased by 62.1%.

Data indicate that the value of real estate transactions during the first nine months of this year rose to 172.3 billion riyals, by 12%, compared to the same period last year.

The value of transactions in September stabilized at 18.4 billion riyals, an increase of 24.3%. Compared to the same month last year, the area of transactions recorded a record annual decrease of 68.4%.