time inopportune for expat ownership of real estate in kuwait
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Time inopportune for expat ownership of real estate in Kuwait

Arab Today, arab today

Arab Today, arab today Time inopportune for expat ownership of real estate in Kuwait

Kuwait - KUNA

Time is not ripe to allow expatriate ownership of real estate in Kuwait, said chairman of Kuwait Real Estate Association Tawfiq Al-Jarrah on Wednesday. He said this possibility would come about after much research was done on it. He was talking to KUNA on the sidelines of a forum on real estate sponsored by the Association. He emphasized the imperative that the government free up enormous tracts of land for housing development, which subsequently would drive real estate prices down, since currently they were exorbitantly high. Affirming the paucity in the availability of land for housing development, Al-Jarrah noted that at this juncture about 14,000 housing plots existed in the marketplace, ready to be sold to those who could afford their inflated prices, although actual demand from the public for affordable housing plots exceeded 105,000. This discrepancy in the supply and demand curve was driving the prices through the roof, he said. He urged the government, which is virtually the sole provider of housing plots to the public, to create an independent agency whose task would be to perennially study and gauge the local real estate market, in particular the housing market, and decide on what future course it would be necessary to follow to ensure that Kuwaiti citizens would be guaranteed of reasonably priced housing plots to build or existent homes to purchase.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

time inopportune for expat ownership of real estate in kuwait time inopportune for expat ownership of real estate in kuwait

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

time inopportune for expat ownership of real estate in kuwait time inopportune for expat ownership of real estate in kuwait

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday