Arab Today, arab today kuwait real estate sales up 15 to 886m
Last Updated : GMT 09:10:35
Arab Today, arab today
Arab Today, arab today

Kuwait real estate sales up 15% to $886m

Arab Today, arab today

Arab Today, arab today Kuwait real estate sales up 15% to $886m

Kuwait - QNA

Kuwait's real estate year-on-year sales growth is up 15% to KD251 Million ($886 million) during the month of October compared to 2102. A report attributes this growth to strong commercial sector growth. According to Kuwait’s top lender National Bank of Kuwait (NBK), sales in the commercial sector saw a solid rebound from a weak September. Other sectors were softer, probably reflecting the short working month, October did very well considering the week-long Eid Al-Adha Holiday; thus only three weeks of data were present, it stated. The sales in the residential sector reached KD158 million in October, an 11% y-on-y increase. The increase is the smallest since April and is a result of the drop in the number of transactions (-16% y-on-y), the NBK data shows.

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Arab Today, arab today kuwait real estate sales up 15 to 886m Arab Today, arab today kuwait real estate sales up 15 to 886m

 



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