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Property sales rise 41 percent in Kuwait

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.

Tags: increase, Kuwait, property sales