Kuwait-Mubasher: Sales of the real estate sector in Kuwait dropped 29% or KWD 4.9 billion to stand at KWD 3.4 billion in 2015 as compared to the previous year, according to a report issued by Kuwait Finance House (KFH).
KFH said that the real estate sales decreased 8% in December to reach KWD 301 million, while it recorded 63% growth to KWD 326 million in November.
The real estate sales contracts declined in value by 19% to post KWD 259 million in December, following an extraordinary increase of 66% to almost KWD 320 million in November.
