23 Hrs
Source:
الاقتصادية
Saudi house rents hit decade low
Rental prices in Saudi Arabia are recording their lowest levels since 2022, continuing their 19th consecutive month of decline at a rate of 4.7%. Meanwhile, the inflation rate increased by 1.8% in May, driven by rises in housing, water, and electricity costs by 3.7%, despite a slowdown in the housing sector's growth. The transportation sector also experienced a 1.5% increase. Inflation remains concentrated in cities such as Al Jouf and Riyadh, with expectations of stabilizing around 2% for the rest of the year.
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