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Notable decline in property trades in Saudi Arabia ‎

Saudi Arabia - November 16, 2015

The decline of property trades in Saudi was very notable as it declined by 6.3%, compared to the record of the same month last year, the housing sector had the largest share as it recorded 85.8%, and the commercial sector recorded the rest of trades in the kingdom.

The indicators showed that 26.684 property transactions were carried out, 22.870 of it were for housing trade, 3378 commercial trade.

While the east sector continued the reduction to reach 4.305 trade properties with an amount of 4.2 billion riyals and this with a total reduction of 9.8%, the housing sector occupied the largest record by 3.638 transactions while the commercial sector occupied 667 commercial transactions.

While Mecca recorded the highest reduction with 17.3% compared to the same period last year.

 

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