KFH valuated 16634 real estate properties in 2022

Kuwait Finance House (KFH) Executive Manager – Real-estate Valuation, Ahmed Al-Farhan said that during 2022, the Real Estate Valuation Department valuated 16634 properties for individuals, corporates, banks and government institutions with market value approximating KD 28.2 billion. He indicated that the department at KFH has gained the trust of clients.

He added in a press release that the growth rate in the number of real estate properties valuated by KFH amounted to 1.7% on an annual basis. This confirms the capabilities and experience of KFH human talents in the field, in addition to the confidence of different clients in the Bank.

He explained that KFH valuation covered 7 segments of real estate. Private residence took the lead by 39.1%, investment real estate came second with 36.6%, followed by industrial and handcraft plots by 8.4% and commercial real estate by 6.8%. Feasibility studies came at 6.4% followed by agricultural real estate, hotels, medical clinics, chalets at 2.7%. Other properties under different regulatory views were also valuated.

Further, due to its solid organizational structure, KFH has the best valuation performance in the market, making it a preferred destination in real estate valuation of all sectors and a trusted source by the Central Bank of Kuwait (CBK) and the Capital Markets Authority (CMA).

He pointed out that KFH adopts international standards including cost, rate of return, common sale price, and standard practices for the valuation of all segments of real estate based on organizational opinion and usage.