Riyadh City
The Saudi real estate price index edged up 0.4% in the second quarter of 2021 to 81.29 points, from 80.98 a year earlier, data issued by the General Authority for Statistics (GASTAT) showed.
The base year for the index is 2014 (100 base points).
Saudi Real Estate Price Index |
||
Period |
Price Index (Points) |
YoY variation (%) |
Q1 2014 |
98.2 |
-- |
Q2 |
99.3 |
-- |
Q3 |
101.0 |
-- |
Q4 |
101.6 |
1.6% |
Q1 2015 |
99.2 |
1.0% |
Q2 |
98.1 |
(1.2%) |
Q3 |
96.4 |
(4.6%) |
Q4 |
95.8 |
(5.7%) |
Q1 2016 |
94.8 |
(4.4%) |
Q2 |
92.9 |
(5.3%) |
Q3 |
90.7 |
(5.9%) |
Q4 |
87.5 |
(8.7%) |
Q1 2017 |
85.5 |
(9.8%) |
Q2 |
84.9 |
(8.6%) |
Q3 |
84.9 |
(6.4%) |
Q4 |
84.6 |
(3.3%) |
Q1 2018 |
84.2 |
(1.5%) |
Q2 |
83.6 |
(1.5%) |
Q3 |
82.3 |
(3.1%) |
Q4 |
80.4 |
(5.0%) |
Q1 2019 |
80.1 |
(4.8%) |
Q2 |
80.4 |
(3.8%) |
Q3 |
80.1 |
(2.7%) |
Q4 |
80.8 |
0.5% |
Q1 2020 |
81.1 |
1.2% |
Q2 |
81.0 |
0.7% |
Q3 |
80.5 |
0.5% |
Q4 |
80.6 |
(0.2%) |
Q1 2021 |
81.3 |
0.2% |
Q2 |
81.3 |
0.4% |
The real estate index comprises three segments: Residential sector, which covers residential land plots, buildings, villas, apartments, and houses; the commercial sector, which covers commercial land plots, buildings, shops and malls; and the agricultural sector that covers agricultural land.
The residential sector topped the gainers, with a 0.8% increase in Q2, while commercial and agricultural sectors fell by 0.5% and 0.2%, respectively.
Change in Saudi Real Estate Price Index Main Sectors (Q2 2020/2021) |
|||
Sector |
Variation (%) |
Main Items |
|
Item |
Variation (%) |
||
Residential |
+0.8% |
Plot of Land |
+1.0% |
Building |
(0.2%) |
||
Villa |
(2.3%) |
||
Apartment |
(1.6%) |
||
House |
(1.1%) |
||
Commercial |
(0.5%) |
Plot of Land |
(0.5%) |
Building |
-- |
||
Showroom/Shop |
+0.8% |
||
Commercial Center |
-- |
||
Agricultural |
(0.2%) |
Agricultural Land |
(0.2) |
Relative Importance of Sectors and Items |
|
Sectors and Items |
Relative Importance (%) |
General Index |
100% |
Residential |
65.37 |
Plot of Land |
62.16 |
Building |
0.03 |
Villa |
0.40 |
Apartment |
2.58 |
House |
0.21 |
Commercial |
31.02 |
Plot of Land |
30.87 |
Building |
0.003 |
Showroom/Shop |
0.08 |
Commercial Center |
0.07 |
Agricultural |
3.61 |
Agricultural Land |
3.61 |
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