Kuwait Real Estate News
Kuwait property sales transactions register marked increase in November
Real Estate sales in Kuwait have picked up by 11 percent during November, in comparison to the previous month, touch 241mn worth sales transactions, reported the National Bank of Kuwait.
On the whole, about 744 property units were sold, which is up by 2 percent than during the month of October, says the research report.
On an average basis, property sales transactions increased by 59 percent during the first eleven months, when compared to the earlier period, when, the total transactions touched 31 percent.
Simultaneously, the annual inflation in Kuwait went up to 6.2 percent during September, the highest on record, as the cost of housing too, increased 12.6 percent.
The government, in September, said, it was worried about a hike in real estate prices, and would try to cut down on prices, bringing it to affordable levels for citizens.
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