GASTAT Releases Real Estate Price Index for Q2, 2019
 
General Authority for Statistics (GASTAT) released the report of Real Estate Price Index for Q2 of 2019. The report was published on the official website of GASTAT www.stats.gov.sa.
   The real-estate price index recorded an increase by (4.0%), compared to the previous quarter (Q1, 2019), where its indicator reached (80.4) in Q2, 2019, compared to (80.1) in Q1, 2019.  This increase can be attributed to the changes in the main sectors composing the indicator, where housing sector in addition to commercial sector showed an increase by (2.0%) and (8.0%), respectively, whereas agricultural sector edged down to (1.0%), compared to Q1 of 2019.
  In detail, residential sector witnessed an increase in residential lands as well as apartments, reaching (0.2%) and (0.5%), respectively in Q2, 2019 compared to the previous quarter. However, a decrease was recorded in three groups: residential buildings (0.3%), villas (2.7%), and houses (0.3%). Regarding commercial sector, commercial land plots and commercial centers rose by (0.8%) and (2.1%), respectively, while exhibitions (shops) dropped to (1.9%). At the level of agricultural sector, agricultural lands fell to (0.1%). 

It is worth noting that the index is based on register-based data of real-estate transactions available at the Ministry of Justice. It is an essential tool that supports entities making economic and statistical decisions regarding the movements of real - estate prices and future forecasts during different periods of time.  The index has three main sectors consisting of several types of real estate classes: housing sector which includes (plot of land, building, villa, apartment, and house), commercial sector including (plot of land, building, exhibition/commercial center and shop), in addition to agricultural sector with one category which is the agricultural land.