Kuwait – Mubasher: The value of real estate transactions in Kuwait decreased 24% by the end of July 2016 as compared to the same month last year, according to a report issued by Kuwait Finance House (KFH).
The decline was in line with the beginning of Eid Al-Fitr vacation, KFH noted.
Private properties’ transactions value shrank 30% in July, while the value of investment real estate deals fell 18% in the same month.
Commercial real estate transactions posted a 32% drop in July, KFH said.
