ArabianBusiness.com - Middle East Business News
Monday, 21 October 2019
Middle East Architect Power 20
View list by: Rank | Name | Country
 
Email this to a friend
| Share |
Kuwait sees spike in year-on-year Q1 property sales
Sunday, 18 April 2010

Real estate deals in Kuwait posted a 12.6 percent increase in the first quarter of this year compared with the same period in 2009 but less than fourth quarter of last year, a new report has revealed.

The value of contracts and agencies sales hit KD526.3 million in the first quarter, Al-Shall Consultancy's report said.

Compared to sales in the fourth quarter of last year, the report indicated a drop by 20.1 percent, the report, cited by KUNA News Agency, added.

Story continues below
advertisement

Private and investment housing sales spiked in the first quarter of this year by 75.5 percent and 39.9 percent respectively, compared with the same period of last year, while commercial and warehousing sales dropped by 84.4 percent and 78.2 percent respectively.

The report said the liquidity in the real estate sector was improving following a steep decline in 2009 as part of the global economic crisis.

It added that there were "positive indicators" for the year ahead.


View List

Email this to a friend
| Share |
 

Meet The Boss