image description
image description
Tell A Friend

FinancialNews


  • 31-07-16

    Drop in Home Prices in Saudi Arabia

    (MENAFN) A continues drop in home prices of Saudi Arabia's biggest cities in the last three months, as a result of the decline in oil profits which puts a pressure on the economy of the kingdom.

    According to JLL data, villa prices in the capital Riyadh was 5% lower in Q2 than they were during the same time last year. While apartment prices were lower for 1%.

    In the kingdom's second city, Jeddah, villas prices were down by 4% and apartment prices fell by 5%.

    Also, JLL added, that housing transactions fell by 5% during Q2.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved