FINANCIAL NEWS

Kuwaiti property sector drops to KWD1.45bn

30 Aug 2016

(MENAFN) Sales of the real estate sector in Kuwait dropped by 25 percent to reach KWD1.45bn from the beginning of this year until mid-summer.

Furthermore, the sector saw the lowest level of sales in July, while housing prices were in line with the fall started in 2015.

In addition, sales of the investment real estate sector fell to KWD61mn in the same month, whereas sales of the commercial real estate sector shrank by 34.7pct.

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