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FINANCIAL NEWS
Kuwait’s property deals down 22% in June
02 Aug 2016
(MENAFN) According to the National Bank of Kuwait (NBK) the property’s sales decreased by 22% in June year on year to reach USD4.31bn.
June’s price was the same as it was with the last year continuing progressive, the report showed.
After a good improve in May, the residential section reduced in June to reach 24% y-o-y to 266 people .Kuwait also seen a decrease in the sales in June by 27% y-o-y to get UD 26.54mn. NBK resident’s indicator was down to 165.2 points, which consider as the same stable as in May.
NBK land prices in June were decreased to 182.2, falling 3.9% y-o-y, and apartment sales increased by 15% month-on-month to USD 242mn, but still down 40% y-o-y.
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