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Kuwait-Real-Estate

Kuwait International Bank’s report unveils real estate sales in Kuwait fall 50% in July

: Wednesday, August 13 - 2014 @ 02:31

Kuwait International Bank issued a report lately revealing value of real estate sales in Kuwait remarkable dropped in July to KD291m, down 50% month-on-month. The report unveiled that the total number of deals hit 573, down 30.5% month-on-month, KUNA reported. The average value of each deal decreased to KD508,000, a declining 27.6% compared with that of June, said the report. It said the slip in sales is partially due to the occurrence of Eid al-Fitr holiday which reduced the actual trading days to only 18 days.

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Wednesday, August 13- 2014 @ 2:31 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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