Kuwait Local Time

Kuwait Real Estate News

Real estate sales climb 19 percent annually in March

According to National Bank of Kuwait (NBK), the real estate sales in the country jumped 19 percent annually in March, totaling to KD293mn.

The total sales in the housing sector, including 490 transactions, touched KD149mn in March, with an average of 1 percent on year-on-year basis, as the average of each transaction grew by 7%, in comparison to 2012.

The investment sector saw the sales climb 31 percent in March, touching total of KD122mn, majority of which focuses on high-rise buildings, residential apartment or land plots, with the intention of leasing the final product, the report said.

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