GaStat: A Decline in the Real-Estate Price Indicator During the First Quarter of 2018
 
On Monday, the 7th of Shaaban 1439H corresponding April 23, 2018, The General Authority for Statistics (GaStat) released the report of Real Estate Price index, Q1 2018. The report is  published on GaStat official website www.stats.gov.sa.com .Furthermore, the indicator is based on the data records about real-estate’s transactions available at the Ministry of Justice, and it is an important tool to support economic and statistical decision makers regarding the changes of property prices and future forecasts during different periods of time.
According to the report, the real-estate price index has recorded a decline by (1.5%) compared to the same quarter of last year (Q1, 2017). The report attributed this decline to the decrease in the main sectors composing it: the housing sector (2.0%), the commercial sector (4.4%), and the agricultural sector (0.4%). 
Moreover, the indicator edged down (0.5%) compared to the previous quarter (Q4 2017) reaching (84.2%) in the first quarter of 2018 compared to (84.6%) for the previous quarter. This decline can be attributed to the main sectors composing it where they witnessed varying degrees of decline: (0.7%) for the housing sector, (0.5%) for the commercial sector and (0.1%) for the agricultural sector. 
It is worth mentioning that the indicator of the Real Estate Price index, which aims at founding outstanding real-estate statistical indicators that measure the performance of Saudi real-estate market and meeting the data needs in this sector, covers three main sectors consisting of several types of real estate: housing sector which includes the following (plot of land, building, villa, apartment and house), commercial sector includes (plot of land, building, exhibition, commercial center or shop), agricultural sector with one category which is the agricultural land.