Kuwait REAL ESTATE MORTGAGE LOANS BANKS
Kuwait REAL ESTATE MORTGAGE LOANS BANKS
Real estate sales volumes in Kuwait were reduced in January to 60 %
According to the official statistics, recession in sales proceeds within 10 months.
Volumes of transactions under the inhabited real estate which is the largest segment of the market, were reduced in January of this year in relation to last January to 72,6 %, to 34,6 million dinars ($117,3 million).
At the same time, sales volumes of the commercial real estate have grown for the specified period on 22,7 %, to 11,4 million dinars ($38,7 million).
Notices that the total volume of sales of the real estate in Kuwait decreases since the country authorities have imposed a ban for sale and real estate purchase by the private companies to limit an uncontrolled rise in prices.