Riyadh- Mohammed Jamous: The value of the total transactions, according to the real estate index, during the first week of February, amounted to about 3.The weekly sales volume of the market stabilized at a level below 3.6 thousand properties sold, while the area of real estate transactions decreased by a record 55.5% to reach 22.5 million square meters.
Real estate transactions decreased by a record 55.5% to reach 22.5 million square meters.
Residential sector deal growth
The Diriyah scheme deal boosted the weekly transaction value growth of the residential sector 24.7%, and the transaction value of the sector stabilized at 2.1 billion riyals by the end of last week, and the value of this deal accounted for about 26.4% of the total transaction value of the residential sector.
Commercial sector deals decline
The weekly activity of the commercial sector declined for the second consecutive week 19.1%, and its weekly transaction value stabilized at 0.8 billion riyals by the end of the week.
Agricultural and industrial sector deals
The value of transactions in the agricultural and industrial sectors decreased for the second consecutive week 8.9%, and the total transactions of the two sectors stabilized at 381 million riyals by the end of last week.
The number of transactions in the agricultural and industrial sectors decreased for the second consecutive week.
Decrease in the number of properties sold
According to reports, the number of properties sold decreased for the second consecutive week by 5.6%, and the decrease in the number of properties sold included both the residential sector with a decrease in weekly sales for the second week in a row by 7.8%, and the commercial sector with a decrease in weekly sales for the second week in a row by 9.6%, while the weekly sales volume of the agricultural and industrial sectors increased by 10.2%.
The number of properties sold decreased by 5.6%.
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Real Estate Index for the first week of February
==
Total transaction value: 3.3 billion riyals.
Rise: 6%.
==
Number of properties sold: 3.6 thousand properties.
Number of deals: 3.5K transactions.
Real estate area: 22.5 million square meters.
==
Residential
Transaction value: 2.1 billion riyals.
Rise: 24.7%.
==
Commercial Sector
Deal Value: 0.8 billion riyals.
Decline: </19.1%.
==
Agricultural and industrial sectors
Trade value: 381 million riyals.
Decline: 8.9%.
==
Sale of residential land in Diriyah
==
549 million riyals
Deal value.
==
157.3 thousand square meters
Land area.
=
6%
Impact on total transaction sales.
===
26.4%
of the total value of residential sector transactions.
Decrease in the number of properties sold
According to reports, the number of properties sold decreased for the second consecutive week by 5.6%, and the decrease in the number of properties sold included both the residential sector with a decrease in weekly sales for the second week in a row by 7.8%, and the commercial sector with a decrease in weekly sales for the second week in a row by 9.6%, while the weekly sales volume of the agricultural and industrial sectors increased by 10.2%.Decline: </19.1%.
==
Agricultural and industrial sectors
Trade value: 381 million riyals.
Decline: 8.9%.
==
Sale of residential land in Diriyah
==
549 million riyals
Deal value.
==
157.3 thousand square meters
Land area.
=
6%
Impact on total transaction sales.
===
26.4%
of the total value of residential sector transactions.
