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