Amlak - Riyadh
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The residential real estate index in Riyadh issued by the Riyadh Notary recorded a decrease for the second consecutive week in the current month of 5, compared to the first two weeks of 4, where it recorded a decrease of 68% and 47% respectively, as the value of transactions in the first week of 4 amounted to about 1.765 billion riyals compared to 566 million in the same week of 5, while the value of transactions for the second week in 4 amounted to about 1.727 billion riyals compared to about 918 million riyals for the same week in 5.

The index attributed the decline to several factors, including the recovery of financial markets, the rise in construction materials, as well as the busyness of families spending the semester vacation, and the belief of some that prices will decline further. The analysis of the index in the coming weeks may show us the extent of the prosperity or decline in the buying and selling movement, especially before the summer vacation, which may cause the movement and activity of the real estate market to stagnate, although the holy month of Ramadan may limit the demand for summer vacation and thus reflect positively on the market situation.