JEDDAH — The General Authority for Statistics revealed yesterday the Real Estate Price Index data for the second quarter of the year 2018. The general index dropped by 6.83 percent in the second quarter of 2018 compared to 2.84 percent in the first quarter of 2018.

Real Estate Price Index for the second quarter of 2018 compared to the first quarter of 2018 declined by 0.7%, due to changes in the prices of the three components of the sector which are residential, commercial and agricultural units.

The residential items have dropped by 0.8 in the second quarter of the year 2018 compared to the first quarter of the same year. These include plots, villas, apartments buildings and houses. Figures show that residential lands dropped by 0.9%, villas dropped by 1.7%, apartments by 0.6%, houses by 0.1% and buildings by 0.2%. The decline in the residential lands was 0.4% while only 0.1% dropped was documented for agricultural lands.