Real estate prices in Saudi Arabia rose slightly in the second quarter of this year, Invest-Gate reports.

The record price index for real estate increased by 0.8% to 82.52 points, up from 81.88 points at the end of the same period last year, affected by a 1.1% increase in residential property prices and a 0.2% increase in commercial property prices. In comparison, the agricultural land price index fell by 0.3%.

While real estate prices have slightly increased, rental prices for homes have continued to rise, according to recent data from the General Authority for Statistics, which indicated that actual home rents increased by 10.8% year-on-year in June, marking the sixteenth consecutive month of increases.

Notably, this rise was driven by a particularly significant increase in apartment rents, which rose by approximately 23%.