Arab News, Monday, Dec 27, 2021 | Jumada Al-Uola 21, 1443
Saudi real estate market falls by 9.1% in 4Q 2021, reports Al-Eqtisadiah
Saudi Arabia:
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), reported Al-Eqtisadiah.
It said 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.