KD 1 Billion in Local Real Estate Trading Volume Over 3 Months
Kuwait Finance House revealed that the value of local real estate trading rose to KD 1 billion in the third quarter, a 12.4% increase over the previous quarter.
Translated by Qiyas from النهار — Original source
A report by Kuwait Finance House showed an increase in local real estate transaction values in the third quarter of this year, reaching KD 1 billion, up 12.4% from the second quarter but down 20% year-on-year. In its report on the local real estate market for the third quarter, released yesterday, Kuwait Finance House stated that the number of deals reached 1,502 during the period, noting that private residential properties were the most active in terms of value and number of transactions. Meanwhile, improved trading in investment, commercial, and artisanal real estate contributed to supporting the total transaction value, bolstered by a stable economic environment and the resilience of the banking sector.
