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FINANCIAL NEWS
Drop in Home Prices in Saudi Arabia
31 Jul 2016
(MENAFN) A continues drop in home prices of Saudi Arabia’s biggest cities in the last three months, as a result of the decline in oil profits which puts a pressure on the economy of the kingdom.
According to JLL data, villa prices in the capital Riyadh was 5% lower in Q2 than they were during the same time last year. While apartment prices were lower for 1%.
In the kingdom’s second city, Jeddah, villas prices were down by 4% and apartment prices fell by 5%.
Also, JLL added, that housing transactions fell by 5% during Q2.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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