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Saudi Arabia’s residential housing market cooled in Q1 2026, says report
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Saudi Arabia’s residential housing market cooled in Q1 2026, says report
Saudi Arabia’s residential housing market cooled in the first half of 2026 due to headwinds like the Iran war’s economic fallout, affordability pressures, and a drop in mortgage issuances, said a survey conducted by real estate consultancy Knight Frank MENA. “Residential transaction volumes fell by half in Q1 compared to the same period in 2025. The total value of sales fell further by 57% to just SAR22 billion (USD 5.9 billion). The slowdown wa…
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