Despite a good year for the Kuwaiti real estate sector, in which the total value of sales grew by some 10 percent last year over the record performance in 2003, and prices continued to climb, real estate stocks have been out of favor in the past two months.
According to Arab News, following losses of 5.32 percent in December, the “Global” Real Estate Index lost another 5.6 percent during January. The major factor constraining gains in the sector has been concerns surrounding end of year earnings.
