Riyadh Real Estate Market Overview - Q1 2018

Although the introduction of VAT could have caused challenges for the market due to reduced consumer spending, the retail sector in Riyadh saw increased sales activity in the first quarter of 2018. Many retailers absorbed some of the price increases rather than passing the tax on to consumers.

Residential sector continued to soften in Q1 2018, while office rents remained unchanged. The hospitality sector improved slightly, but could experience further downward pressure over the rest of the year.

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