Kuwait – Mubasher: Total liquidity in Kuwait's property market from January through November 2016 fell 27.5% to KWD 2.194 billion ($7.17 billion) compared to KWD 3.027 billion ($9.89 billion) in the same period in 2015, Al Shall Investment Holding said in its weekly report.
On the other hand and on a month-on-month basis, market turnover grew 40.8% in November 2016 compared to October, but fell 24% year-on-year.
Al Shall said it expects total real estate turnover to reach around KWD 2.393 billion in 2016, down 27.9% or KWD 924.9 million from KWD 3.318 billion achieved in 2015.
Al Ahmadi governorate recorded the highest property trades with 125 transactions, representing 32.6% of the total, while Hawalli governorate saw 72 transactions accounting for 18.8%, the report stated.
