The periodic report published by the General Authority for Statistics revealed that the residential sector recorded an increase during the third quarter of this year by 2.5%, affected by the increase in land prices by about 2.6%, year-on-year, which affected the rise in the General Real Estate Price Index in Saudi Arabia for the third quarter by 1.5%, compared to the same quarter of 2021.

General Real Estate Price Index in Saudi Arabia for the third quarter by 1.5%, compared to the same quarter in 2021.

According to the report, villa prices also increased 0.2% and apartments 1.0%, on the other hand, house prices decreased 0.7%, while apartment building prices stabilized and recorded no significant relative change.

The commercial sector recorded a decrease of 0.4%, affected by a decrease in the prices of commercial plots 0.4%, exhibition prices decreased 1.5%, while commercial center prices increased 0.2: 16.0pt; font-family: "Helvetica","sans-serif'; color: #232323;'> %.

The GASTAT report confirmed the stability of commercial buildings' prices, with no significant relative change, while the agricultural sector recorded a decrease of 0.6 % affected by the decrease in agricultural land prices by 0.61 TP3T.