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.

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