Real estate prices in Saudi Arabia dropped 1.6% year-on-year in Q1 2026, compared with a 0.7% fall in Q4 2025. This marked the second consecutive period of decline and the steepest pace since Q3 2019, as residential property prices continued to fall (-3.6% vs -2.2% in Q4), driven by lower prices for residential land (-3.9%), apartments (-1.1%), and villas (-6.1%). Moreover, commercial property prices eased (3.4% vs 3.6%), while the agricultural sector (4.3%) remained unchanged. Among administrative regions, Al-Baha (-9.2%), Hail (-8.0%), the Northern Borders (-5.6%), and Al-Qassim (-5.1%) recorded the steepest declines. In contrast, the Eastern Region (6.9%) posted the highest increase in real estate prices, followed by Najran (3.5%), Tabuk (1.5%), and Asir (1.1%). On a quarterly basis, real estate prices fell by 0.2% in Q1, easing from a 0.4% decline in the previous quarter.