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FINANCIAL NEWS
Kuwait real estate sales drop by 26pct
28 Sep 2016
(MENAFN) Kuwait real estate sales worth KWD1.58bn in the Jan-August period this year, declined by 26 percent compared to the same period of 2015.
On the other hand, the sector posted its highest activity since May 2016 with 220 transactions in August; growing 12 percent month-on-month.
However, the number of contracts and sales valued dropped saw in August a year-on-year fall of 10 percent and 12 percent.
In addition, the NBK residential home price index dropped by 12.8 percent year-on-year and 3.4 percent m-o-m to 156.5 points in the cited month.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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