GaStat launches Saudi real estate price index; Q1 2017 shows decline.
GaStat launched the Saudi real estate index indicator, based on Ministry of Justice registry data, covering residential, commercial, and agricultural sectors, and reported a 2.3% quarter-on-quarter and 9.9% year-on-year price decline in Q1 2017.
Why It Matters
This new official index provides Saudi real estate professionals with a reliable benchmark for tracking price movements and shaping investment decisions.