The <a style="color: #800000;" href="https://amlak.net. in the Kingdom during 2023 reported a decline of 9 % in September compared to January of this year, as all components of the index declined - except for cable prices, which rose by 3 % and cement prices, which rose by 1 1 %. <This decline in Building materials prices has a positive impact in reducing construction costs, which enhances the continuity of real estate development projects and pumping more housing units in all regions of the Kingdom to meet the growing demand and bridge the gap between supply and demand and maintain real estate prices at a level that enables citizens of different living standards to obtain housing and achieve the goal of Vision 2030, which plans to enable 70 % of Saudi families to own a home.

In the Saudi index of housing prices, <a style="color: #800000;" href="000;" color: #800000; <In the Saudi Consumer Price Index, the housing item represents a relative importance of 25.5, so any rise in the housing item has a significant impact on inflation, and during last year and this year, data from the Statistics Authority showed that the prices of housing and its accessories increased by 11 % compared to the beginning of last year 2022, while actual housing rents, whose relative importance to the general inflation index represents 20 %.97 % increased during the same period by 13 %, and this confirms the need for the main cities (Riyadh - Jeddah) to accelerate the real estate development process to meet the market's need for housing units because they are the most expensive cities in residential rents.