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FINANCIAL NEWS
Kuwait’s real estate sales drop 50 percent in July
11 Aug 2014
(MENAFN) Real estate sales in Kuwait recorded a remarkable decrease of USD1.02 billion in July, down 50 percent compared to the same month last year, KUNA reported.
A report by Kuwait International Bank, said that the total number of deals posted 573, down 30.5 percent compared to July last year.
Further more, the average value of each deal reduced to USD1.79, down 27.6 percent compared to June last year.
The economic report showed that the decrease caused by the occurrence of Eid al-Fitr holiday which reduced the actual trading days to only 18 days.
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