
“Property prices in Riyadh have surged since the pandemic, with the cost of a house now almost 81 per cent higher than in 2020…Apartment prices in the city have increased 56 per cent over the same period… At the moment, 63 per cent of Saudis own their own home, up from 47 per cent in 2016… But the figure in Riyadh, where 4.4mn of 18.8mn Saudis live, is far lower at 53.2 per cent, according to the latest census data, taken from 2022.” Ahmed Al Omran, Riyadh’s property boom puts home ownership beyond reach of many Saudis [Financial Times]