Kuwait’s real estate sales down 23 percent in 8M

12 Oct 2015

(MENAFN) Data showed that Kuwait’s real estate sector sales have dropped, while prices holding their own total residential sales reached USD3.24 billion during the current year.

For the first eight months of this year, total real estate sales reached USD6.94 billion, marking a decrease of 23 percent compared to the same period of last year.

For the month of August alone, activity slowed across the residential and investment sector year-on-year but was relatively stronger in the commercial sector.

To date, total residential sales in 2015 reached USD3.24 billion, and were USD267.72 million in August. KD volumes and number of units sold year-to-date were both down 22 percent.

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