{"id":24005,"date":"2019-02-04T13:43:47","date_gmt":"2019-02-04T10:43:47","guid":{"rendered":"https:\/\/www.amlak.net.sa\/home\/?p=24005"},"modified":"2019-02-04T13:43:47","modified_gmt":"2019-02-04T10:43:47","slug":"%d9%85%d8%a4%d8%b4%d8%b1%d8%a7%d8%aa-%d8%a7%d9%84%d8%b3%d9%88%d9%82-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a%d8%a9-%d8%aa%d8%b2%d8%af%d9%87%d8%b1-%d8%a7%d8%b1%d8%aa%d9%81%d8%a7%d8%b9-%d9%82%d9%8a","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/24005\/","title":{"rendered":"Real estate market indicators are booming The value of transactions in January rose to 18.8 billion riyals 30.6 thousand properties sold"},"content":{"rendered":"

The real estate index in the Kingdom's markets showed an increase of 22.3% in its transactions during January 2019 through the total value of its monthly transactions, bringing the value of transactions at the end of the month to 18.8 billion riyals, which is very close to the level recorded for the same month of 2017 (18.9 billion riyals), while it is still far from its record level recorded in the same month of 2014 (40.1 billion riyals) by 53.1%.<\/p>\n\n\n\n

Increase in transaction value and number of sales <\/strong><\/p>\n\n\n\n

According to the real estate index. Residential Sector Deals<\/a> The value of commercial transactions for the same period increased by 35.5%, to settle at the level of 12.3 billion riyals, compared to the same month last year at 9.1 billion riyals, while the value of commercial transactions for the same period increased by 3.4%, to settle at the level of 6.5 billion riyals. This good rise in the total value of real estate transactions coincided with a greater rise in the number of properties sold, which reached 76.9%, to stabilize at the end of the month at the level of 30.6 thousand properties sold, and the residential sector accounted for the largest annual increase in the level of properties sold during the month, which reached 84.0%, stabilized at 27.4 thousand properties sold, while the percentage of the rise in the commercial sector for the same period amounted to about 33%, stable at the end of the month at less than 3.2 thousand properties sold.<\/p>\n\n\n\n

Real Estate Index - Positive impact of falling real estate prices <\/strong><\/h3>\n\n\n\n

Real estate observers attributed the improvement in the real estate index to the Real estate deals<\/a> As a natural and expected result of the significant decline in the market prices of various real estate assets during the past three years, which ranged from 20 to 301 TP3T, which is a clear indicator when comparing the rates of increase in the value of real estate transactions and the number of properties sold, which came to 22.31 TP3T for transactions, while reaching a record percentage of 76 TP3T.9% for the number of properties sold, and is more evident in the value of transactions for the residential sector, which reflects a large part of it compared to the overall average value of properties sold (the result of dividing the value of transactions by the number of properties) during the comparison period, which reached an average of 448 riyals per property by the end of January 2019 (transaction value of 12.3 billion riyals, against 27.4 thousand properties sold), compared to 608 riyals per property (9.1 billion riyals, against 14.9 thousand properties sold) by the end of January 2018, a decrease of 26.3% in just one year.<\/p>\n\n\n\n

Short-term price trends<\/strong><\/h3>\n\n\n\n

At that time, the short-term price trends of the average prices of land and residential real estate (until December 31) showed an annual decrease in all average prices during the last period of this year compared to the same period of last year, the results of which were as follows: The average price of residential apartments decreased by 10.9% (average market price of 472 thousand riyals per apartment), followed by the average market price of residential villas decreased by 9.4% (average market price of 472 thousand riyals per apartment): The average price of residential apartments decreased by 10.9% (average market price for the period 472 thousand riyals per apartment), then the average market price of residential villas decreased by 9.4% (average market price for the period 754 thousand riyals per villa), then the average market price per square meter of residential land decreased by 2.7% (average market price for the period 344 riyals per square meter).<\/p>\n\n\n\n

Long-term price trends<\/strong><\/h3>\n\n\n\n

While the long-term price trends showed a decrease in all average prices of residential land and real estate (until December 31) of the current year, compared to the average market prices of land and real estate for the same period in 2014 (the real estate peak), the results of which came as follows: The average market price per square meter of residential land decreased during the comparison period by 32.4% (average market price per square meter: Average price of 344 riyals for the period of 2018, average price of 509 riyals for the same period of 2014), then the average market price of residential villas decreased by 30.2% (Average market price per villa: Average price of 754 thousand riyals for the period of 2018, average price of 1.1 million riyals for the same period of 2014), then the average price of residential apartments decreased by 19.4% (Average market price of one apartment: Average price of 472 thousand SAR for the period of 2018, average price of 586 thousand SAR for the same period of 2014).<\/p>\n\n\n\n

Numbers in value and number of trades<\/strong><\/h3>\n\n\n\n

Real estate market indicators are booming The value of transactions in January rose to 18.8 billion riyals 30.6 thousand properties sold<\/strong><\/p>\n\n\n\n