{"id":24263,"date":"2019-02-28T13:20:55","date_gmt":"2019-02-28T10:20:55","guid":{"rendered":"https:\/\/www.amlak.net.sa\/home\/?p=24263"},"modified":"2019-02-28T13:20:55","modified_gmt":"2019-02-28T10:20:55","slug":"%d8%a7%d9%84%d9%85%d8%a4%d8%b4%d8%b1-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a-%d8%a7%d9%84%d8%b3%d8%b9%d9%88%d8%af%d9%8a%d8%a9","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/24263\/","title":{"rendered":"930 million dollars worth of real estate transactions during the week. The number of transactions reaches 6966"},"content":{"rendered":"

The real estate index showed for the Kingdom's commercial sector<\/a> A record decline of 26.4% for the week, with the total value of all transactions stabilizing Real estate deals<\/a> At $930 million, affected by the record decline in the value of transactions executed on commercial plots, which led to a decrease in the value of commercial transactions to low levels, in a new reaction to the decline in the market, which includes both the commercial and residential segments, but it is known according to the indicators that the movement of the commercial sector is largely stable, which is the most affected since the beginning of the year.<\/p>\n\n\n\n

The reasons for the decrease in the total value of transactions on the commercial sector in particular, including the application of the tax and the repercussions of land fees and their pressure on the value of all real estate investments, in addition to the fear of investors from taking the risk of buying at this time in light of the great pressures in the market, which remains the most volatile last period according to the sequence of the decline rate, especially the fees and tax, since its adoption by the Council of Ministers and apprehension about the future of real estate, which is a great concern for those interested in it.<\/p>\n\n\n\n

According to the real estate index, the local real estate market continued to record low levels at the level of the value of its transactions, to decrease the total value of its real estate transactions by the end of last week by 7%, compared to its increase during the previous week by 4.6%, and the total value of real estate transactions stabilized at the end of the eighth week of this year at less than 930 million dollars, compared to its previous level of one billion dollars. In terms of reading the rest of the weekly performance indicators of the real estate market, the number of real estate transactions increased by 2.7%, compared to its previous weekly decline of 0.6%, to settle at the level of 6,966 real estate transactions. The real estate index in the number of properties sold increased by 3.8%, compared to its previous weekly decrease of 0.7%, to settle at 7257 properties sold.<\/p>\n\n\n\n

Numbers in the real estate index<\/strong><\/h3>\n\n\n\n