Riyadh’s residential property market posts ‘impressive’ growth in 2019 – ZAWYA

Riyadh’s residential property market posts ‘impressive’ growth in 2019 – ZAWYA

The global real estate consultancy firm also reported that the value of transactions in the Saudi capital went up by 63 percent.. The Saudi capital also witnessed growth across other major real estate segments, the CBRE report showed.. The retail segment of the market saw a positive performance as well.. The report also noted that co-working and flexible office working structures have continued to disrupt the global office markets and are expected to reshape Riyadh's office leasing market.. "We are already starting to witness impressive growth across major real estate segments including residential, hospitality and retail, and this upward trajectory is likely to continue in the short to medium term," Townsend added..