Kuwait – Mubasher: Total value of contracts and agencies trading reached KWD 164.8 million in October 2016, 42.9% up from LWD 115.3 million for September 2016, but it fell 12% compared to October 2015.
Total trading value fell in the first 10 months of 2016 by 27.9% to KWD 1.96 billion from KWD 2.72 billion for the same period of 2015, according to a report issued by Al-Shall Consulting on Sunday citing the latest available data at the Real Estate Registration and Authentications Department of the ministry of justice.
Assuming that the real estate market liquidity ended the year at the same level, Al-Shall expected total turnover to reached KWD 2.35 billion by the end of 2015, 29.1% down from KWD 3.32 billion for 2015.
Trading during October 2016 distributed between KWD 152.2 million in contracts and about KWD 12.5 million in agencies.
Number of real estate deals reached 397 in October, distributed across 370 for contracts and 27 for agencies.
