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Property market growth declines by 11.9 points
The data indicates that the real estate market in the Kingdom is experiencing a noticeable slowdown. The annual rate of general property prices declined from 13.1% in the third quarter of 2022 to 1.2% in the third quarter of 2026, a decrease of 11.9 percentage points over four years. The value of real estate transactions dropped by 17% in September 2026, amounting to approximately 27.8 billion riyals, with residential transactions decreasing by 19% and non-residential by 15%. Meanwhile, the commercial sector experienced negative growth after shifting from an annual increase of 6.8% in 2025 to a decline of 2% in 2026. The residential sector saw some recovery, growing by 2.3% after a downturn in 2025, although its growth rates remain below the levels recorded in 2022. The agricultural sector index also declined significantly, from 15.3% in 2025 to 3.9% in 2026, reflecting an overall clear downturn in the performance of the real estate market.
Notice: This Is an AI-Generated Summary
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