Real Estate Transactions in the Third Quarter Worth 1 Billion Dinars
Local real estate transaction values rose to 1 billion dinars in the third quarter, up 12.4%, with a 4% annual decline in the number of deals and varying performance across sectors.
Translated by Qiyas from الوسط — 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 percent from the second quarter but down 20 percent year-on-year. In its report on the local real estate market for the third quarter, Kuwait Finance House said the number of transactions fell 4 percent year-on-year, with divergent performance across sectors: private residential transaction values rose 15 percent and artisanal properties surged 120.6 percent, while investment real estate transactions declined 11.7 percent, commercial properties fell 58.5 percent, coastal properties dropped 26.2 percent, and warehouses declined 90.5 percent.
