Sunday, February 10, 2013

Kuwait real estate gains ground in ’12


KUWAIT – Kuwait real estate sales reached KWD 3.1 billion in 2012, an increase of 16 percent compared to 2011, National Bank of Kuwait (NBK) analysis said.

Aggregate sales in the residential sector reached KWD 1.7 billion, up 20 percent y/y, and averaging 657 transactions per month, compared to a 494 average in 2011. 

The three-month average (October – December) price for residential plots recorded 333 KWD/m2, while the comparable price for residential homes recorded 632 KWD/m2. These prices are aggregated across different governorates, as well as different specifications, and therefore only serve as a general indicator.


Read more: http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20130210152584

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