Global real estate consultancy Knight Frank released today its Winter 2023/24 Saudi Arabia Residential Market Review, available now on the company’s website.
Faisal Durrani, Partner and head of Middle East research for the firm, noted that house prices in Riyadh “continue to climb into record high territory…Unsurprisingly, the high home values have contributed to growing affordability issues, which have been further exacerbated by the rising cost of borrowing.”
The report is a biannual publication on Saudi Arabia’s residential market that provides an update on residential transaction volumes and values. It also includes a closer look at the performance of residential prices in Riyadh, Jeddah, and the DMA.
[Click here to visit KnightFrank.com and view the full report]
