Real estate index sales during the month of Safar of the current year 1437 AH achieved 24.1 billion riyals, compared to 29.6 billion riyals during Muharram of the current year and 40.8 billion riyals during Safar of last year, a decrease of 22 percent and 40 percent, respectively.
Real estate index sales during the month of Safar of the current year 1437 AH, a decrease of 22 percent and 40 percent, respectively.
The impact of real estate correction
The impact of the correction of the real estate sector.
Residential Sector 65%
The real estate index issued by the Ministry of Justice showed that the residential performance dominated the total value of transactions amounting to 24.2 billion riyals, with more than 65% of residential transactions amounting to 16.6 billion riyals, and 7.5 billion riyals for commercial transactions amounting to more than 35%.
Makkah topped the number of residential units of all types with 841 residential units, followed by Riyadh with 717 residential units.
Makkah topped the list with 841 residential units, followed by Riyadh with 717 residential units.
Mecca in the lead
The share of three regions in transactions was the Makkah region, first with a total of 8.6 billion riyals, compared to 9.7 billion riyals during last Muharram, the Riyadh region, second with a total of 8.5 billion riyals, compared to 11.2 billion riyals during last Muharram, and the Eastern region, third with a total of 4.2 billion riyals, compared to 4.3 billion riyals during last Muharram.Riyadh was first with a total of 8.6 billion riyals, compared to 4.3 billion riyals during last Muharram.
Riyadh first “commercially”
In the value of commercial transactions at the regional level, Riyadh came first with a total of 3.2 billion riyals, Makkah region, second with a total of 2.1 billion riyals and the Eastern Province, third with a total of 1.4 billion riyals, while the value of residential transactions was the first place for Makkah region with 6.5 billion riyals, then Riyadh region with 3.2 billion riyals, then the Eastern Province with 1.4 billion riyals.Riyadh is the first region in terms of commercial transactions, followed by the Eastern Province with 1.4 billion riyals.
