Property sales rise 41 percent in Kuwait
Real estate sales in Kuwait increased 41 percent between…
January 4, 2010 2:41 by kippreport
Real estate sales in Kuwait increased 41 percent between November 2008 and November 2009-from KD137.01 million ($477.6 million) to KD193.15 million ($672.6 million), reports Reuters. According to official figures, residential property deals increased 36 percent during the period, from KD64.38 million ($224 million) to KD87.56 million ($305 million).
Investment property sales rose 1.1 percent and commercial property sales increased almost six times in November 2009, compared with the same month a year earlier.