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Kuwait’s real estate market hits USD1.19b in March

19 Apr 2015

(MENAFN) The Kuwaiti real estate industries reached a total of USD1.19 billion in March following a dim period in acquisitions and transactions, according to Kuwait Finance House (KFH), Kuwait News Agency reported.

Drive coming from home sales and purchases accumulated a percentage of 55 percent of the overall real estate businesses in Kuwait. Apartment sales and purchases contributed in 36 percent, while commercial deals reached 6 percent.

In March, however, the number of deals rose by 78 percent, after a 20 percent slump in their values over February, according to Kuwait Finance House’s report.

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