Saudi Real Estate Market Falls By 9.1% in 4Q 2021

Saudi Arabia’s real estate market slid in late December by 9.1 percent, as the value of deals finalized at a weekly rate of less than SR4.1 billion ($1.09 billion). All segments of the real estate sector recorded a decline with the residential sector transactions declining by 4 percent, the comme

BY Realty Plus
Published - Tuesday, 28 Dec, 2021

Saudi Real Estate Market Falls By 9.1% in 4Q 2021

Saudi Arabia’s real estate market slid in late December by 9.1 percent, as the value of deals finalized at a weekly rate of less than SR4.1 billion ($1.09 billion). All segments of the real estate sector recorded a decline with the residential sector transactions declining by 4 percent, the commercial sector fell by 11.7 percent and the total value of transactions in the agriculture and industrial sectors dropped by 27.1 percent.