The value of real estate transactions that took place since the beginning of 1436 AH until the end of Shaaban reached 278 billion riyals, according to data received from the Ministry of Justice, a decrease of 14 percent compared to the same period last year, as real estate transactions were distributed between residential and commercial.
Real estate transactions were distributed between residential and commercial.
The most important points and figures The value of residential transactions amounted to about 186.1 billion riyals, a decrease of 14 percent compared to the similar period of the previous year. The value of residential transactions amounted to about 186.1 billion riyals.
While the value of commercial transactions amounted to about 92 billion riyals, recording a decrease of 16 percent, compared to the same period last year. The value of commercial transactions amounted to about 92 billion riyals, recording a decrease of 16 percent, compared to the same period last year.
During the month of Sha'ban, the value of real estate transactions amounted to 34.4 billion riyals, a decrease of 7 percent, compared to the same month of the previous year, which amounted to 36.8 billion riyals.
Real estate transactions during Shaaban were distributed between residential transactions worth 22 billion riyals, a decrease of 11 percent compared to the same month last year, and commercial transactions worth 12.4 billion riyals, an increase of 2 percent compared to last year. The types of real estate transactions during the month of Shaaban amounted to 34.4 billion riyals, a decrease of 7 percent, compared to the same month last year.
In terms of types of real estate transactions, land plots accounted for the largest share with a value of 31.3 billion riyals, amounting to about 91 percent of the total value, followed by apartments worth 1.04 billion riyals. According to the Ministry of Justice.
<According to the Ministry of Justice, Riyadh was the most active city in terms of the value of residential real estate transactions during the month of Sha'ban, the value of its transactions amounted to 6.13 billion riyals, a decrease of 6 percent compared to the same month last year, followed by Jeddah with 4.33 billion riyals, a decrease of 3 percent compared to the same month last year. In terms of commercial transactions, Riyadh was the most active city, where the value of transactions that took place during the month of Shaaban amounted to 5.23 billion riyals, a decrease of 13 percent compared to the same month last year
