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Saudi housing rent index falls for fifth straight month
AI Summary
Housing rent inflation in Saudi Arabia eased for the fifth straight month in March, slowing to 8.2%, according to data from the General Authority for Statistics (GASTAT).
The housing sector holds the largest weight in the inflation index, contributing about 21% to the overall rate.
|
Actual Housing Rent Index |
||
|
Month |
Monthly Index |
Annual Change |
|
January 2023 |
92.75 |
7.7% |
|
February |
93.47 |
8.3% |
|
March |
93.86 |
8.7% |
|
April |
94.38 |
9.6% |
|
May |
94.77 |
9.9% |
|
June |
95.68 |
10.8% |
|
July |
95.95 |
10.3% |
|
August |
96.76 |
10.8% |
|
September |
97.08 |
9.8% |
|
October |
97.71 |
9.3% |
|
November |
99.37 |
9.4% |
|
December |
100.17 |
9.0% |
|
January 2024 |
101.38 |
9.3% |
|
February |
102.85 |
10.0% |
|
March |
103.76 |
10.5% |
|
April |
104.21 |
10.4% |
|
May |
104.70 |
10.5% |
|
June |
105.39 |
10.1% |
|
July |
106.62 |
11.1% |
|
August |
107.10 |
10.7% |
|
September |
107.91 |
11.2% |
|
October |
109.01 |
11.6% |
|
November |
110.14 |
10.8% |
|
December |
110.82 |
10.6% |
|
January 2025 |
111.19 |
9.7% |
|
February |
111.64 |
8.5% |
|
March |
112.28 |
8.2% |
Housing rent inflation slowed after rents in Riyadh fell to 16.8% from 19.3% in March 2024.
Crown Prince Mohammed bin Salman implemented various measures to balance Riyadh's real estate sector, addressing the sharp rise in land prices and rents in recent years.
|
Actual Housing Rent Index - Riyadh |
|
|
Month |
Monthly Index |
|
March 2025 |
+16.8% |
|
February |
+17.6% |
|
January |
+20.1% |
|
December 2024 |
+23.2% |
|
November |
+21.5% |
|
October |
+25.0% |
|
September |
+25.0% |
|
August |
+22.8% |
|
July |
+22.2% |
|
June |
+20.3% |
|
May |
+20.8% |
|
April |
+19.9% |
|
March 2024 |
+19.3% |
The housing rent inflation rate in Makkah remained stable at 26.7%, showing a slight decrease from February.
|
Actual Housing Rent Index - Makkah |
|
|
Month |
Annual Change |
|
March 2025 |
+26.7% |
|
February |
+26.9% |
|
January |
+26.5% |
|
December 2024 |
+25.1% |
|
November |
+26.6% |
|
October |
+15.4% |
|
September |
+5.4% |
|
August |
+0.8% |
|
July |
+0.3% |
|
June |
(2.1%) |
|
May |
(2.7%) |
|
April |
(2.4%) |
|
March 2024 |
(2.2%) |
Housing rent inflation in Jazan increased to 9% in March.
|
Actual Housing Rent Index - Jazan |
|
|
Month |
Annual Change |
|
March 2025 |
+9.0% |
|
February |
+8.4% |
|
January |
+13.7% |
|
December 2024 |
+16.0% |
|
November |
+12.7% |
|
October |
+12.3% |
|
September |
+7.6% |
|
August |
+8.5% |
|
July |
+0.3% |
|
June |
+0.7% |
|
May |
+0.4% |
|
April |
(0.1%) |
|
March 2024 |
(4.3%) |
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