Housing Index in Saudi Arabia decreased to 80.10 Index Points in the third quarter of 2019 from 80.40 Index Points in the second quarter of 2019. Housing Index in Saudi Arabia averaged 89.85 Index Points from 2014 until 2019, reaching an all time high of 101.60 Index Points in the fourth quarter of 2014 and a record low of 80.10 Index Points in the first quarter of 2019. source: Central Department of Statistics and Information
Housing Index in Saudi Arabia is expected to be 82.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Index in Saudi Arabia to stand at 84.00 in 12 months time. In the long-term, the Saudi Arabia Real Estate Price Index is projected to trend around 90.00 points in 2020, according to our econometric models.
Saudi Arabia Real Estate Price Index
The Real Estate Price Index in Saudi Arabia measures the changes in the real estate prices in three main sectors: Residential Sector (65%, includes residential plots, residential buildings, villas, apartments and houses); Commercial Sector (31%, covers commercial plots, commercial buildings, galleries/shops, and malls) and Agricultural Sector (4%, the agrarian lands).