1 Day
Source:
الاقتصادية
Reasons Behind Saudi Real Estate Uptick
Real estate prices in Saudi Arabia have increased by 1.3% in the second quarter of this year compared to the same period in 2025, marking the fastest pace since the first quarter of 2025, following a three-quarter decline. This increase was driven by the diminishing impact of government real estate balancing measures issued in March. Residential property prices rose by 2.6%, recording the largest increase since the first quarter of 2025, despite a decrease in villa and agricultural land prices. Meanwhile, land prices for residential purposes increased by 6.3%. The Al-Jawf region led the gains with a 10.4% rise, while Hail experienced a decline of 10.1%. These upticks reflect improved demand following government measures aimed at increasing supply and easing pressures on the real estate market, including the raising of land fee rates and incentives to develop unused land.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)