Based on ministry of justice registry data
GaStat launches real estate index indicator
On Monday 18 Rabe'a second 1438 H corresponding 16 January 2017, GaStat launched the Saudi real estate index indicator. This indicator is based on available registry data of the ministry of justice that is about real estate transactions in 2015 and 2016. GaStat described this indicator as an essential tool that supports entities which make economic and statistical decisions  associated with real estate price movements and future expectations during different periods of time. The indicator includes three main sectors composed of many real estate classes: residential sector ( piece of land, building, villa, apartment, and house) , commercial sector (piece of land, building, shop, and commercial center), and agricultural sector ( agricultural lands). 
Real estate price index indicator showed a decrease in the Saudi real estate prices in 2016 compared to 2015 and 2014. The indicator registered a decrease of (6.1%) compared to 2015. Whereas it registered a decrease of (8.5%) compared to 2014.
During the fourth quarter of 2016, this indicator recorded a decrease of ( 3.5%) compared to the previous quarter. However, it recorded a decrease of (8.7%) compared to the same quarter of 2015. 
The report attributed the decrease in the fourth quarter of 2016 (compared to the previous quarter) to the decrease in all composing sectors: commercial sector (4.1%), residential sector (3.4%), and agricultural sector (0.3%). 
On the other hand,  the decrease in the fourth quarter of 2016 (compared to the same quarter of 2015) to the decrease in all composing sectors: commercial sector (12.3%), residential sector (7.4%), and agricultural sector (1.1%). 
GaStat indicated in a workshop ,held in " Restatex " exhibition in Dhahran city, that : as an official  reference of statistics and an organizer of statistical sector in Saudi Arabia, one of Gastat tasks is follow up the price movement of real estate composing units and record the values of their transactions all over Saudi Arabia. In addition to monitoring their changes from time to time through the new statistical product " real estate price index" which relies on the data provided by ministry of justice. This represents the integration and cooperation between the different government entities which aim at moving sustainable development forward. 
GaStat also stated that the new statistical product aims at founding distinct real estate statistical indicators that measure the Saudi real estate market performance and fill the gap of data in this sector. It is considered an essential tool that supports entities which make economic decisions in this field. This product's data benefit those who are interested in the economic and statistical analysis of real estate prices and the future expectations during different periods of time. GaStat has issued a complete bulletin about this index and its details on its website.
It is worth mentioning that GaStat has announced 45 new statistical products as a first stage of the new products  which included economic, social, demographic, Umrah , and labor market statistics.  In addition to energy, knowledge, environment, culture, sport, entertainment, safety, and security statistics.

Download: Real Estate Price Index Q4 2016 (PDF)