Riyadh – Mubasher: Supply in the Saudi real estate market is presently increasing amid a significantly lower demand, namely for residential units already established or under construction, said Alawwal Capital.
The firm attributed lower demand to clients' tendency for finding lower prices than the already-eased current quotes, the firm said in a report.
In Riyadh for instance, the average real estate trades lowered from 60,000 in 2014 to lower than 40,000 in 2016, according to the real estate index by the Saudi Ministry of Justice.
