Increase in houses numbers of ready and in-progress units.
"Housing" publishes the fifteenth issue of its periodic bulletin.
The Ministry of Housing issued the 15th issue of its periodic bulletin, which deals with the latest developments related to the housing market in the Kingdom, in addition to providing data, statistics, information and digital news for those interested and specialists in the housing sector, based on their data and official sources from other government agencies and related sectors.
The latest version of the bulletin includes the quarterly official indicators of the residential units' numbers in Saudi Arabia, which showed an increase in the number of housing units that were started during the second quarter of 2018 compared to the first quarter. With a total of 75,798 units completed during the second quarter of this year.
The new residential constructions were distributed in several cities. The city of Riyadh recorded the highest number of residential units in the first half of this year with 21,824 units followed by Jeddah with 16,445 units. The Holy City recorded about 14,900 housing units. It recorded 10,100 units and Al-Medina 9800 units, while recorded the cities of Al-Baha and Abha the lowest number of about 600 units in each.
The number of units completed is ready for housing. The bulletin revealed an increase in its number during the second quarter of 2018, with 96,963 units distributed over several cities, an increase of 6664 units compared with the figures for the first quarter of the same year which was on 90.299 units, with the highest Riyadh among its counterparts during the first half of this year 27,648 units, followed by Jeddah with 20,830 units, then Makkah with 17,200 units, and Al-Dammam with 14,100 units.
The Housing Bulletin relies on the Ministry of Housing data as well as official sources from other government agencies and private sectors. Details of the Bulletin can be found at https://housing.sa/en/periodical-magazine.