Kuwait Real Estate News
KFH launches promotional campaign to finance residential real estate
Kuwait Finance House (KFH) has announced that it has launched a promotional campaign to finance residential real estate, aimed at introducing financing services and products that KFH offers to clients who are seeking a financing source to finance their purchase of residential properties.
The campaign includes several unique financing options, in comparison to those currently available in the local market. According to Salah Al-Khamees, the local real estate department manager, the campaign began on 10th April and coincides with heavy demand for real estate financing services of KFH.
KFH offers free takaful insurance covering nearly KD100,000, fixed installment and profit rate throughout the contract, technical consultancies, examining of properties by specialists and two-month grace period from paying installments annually. All these services are offered apart from paperwork at government authorities until documents are issued.
He said that the campaign relies on accumulative experience of KFH in financing private residence for the past ten years, offering several Kuwaiti families houses through murabaha.
The KFH branches offer real estate services to clients, and explained that the verdict of Cassation Court allowed KFH to continue financing clients in the field of real estate. This prompts it to offer financing tools that suit various financing requirements based on flexible regulations.
Social Bookmarking
Read more news
> Housing units for expat labourers ready for handover this month
> Kuwait realty sales KD246mn in March year-on-year
> Al Mazaya flagship towers at Kuwait Business Town ready to rent
> Realty sector shows improved momentum in early 2012
> 2012 to be a promising year for Kuwait real estate sector
> Kuwait reports a sluggish real estate market in early 2012
> Property markets in GCC region to remain pressurized in 2012
> Kuwait property sector gathers pace following summer slowdown
> Kuwait realty sector post profits
> Kuwait records decline in expat count