Kuwait's real estate market expands

Kuwait's real estate market expanded substantially last year with sales and prices of land plots exceeding the most optimistic projections, a report published recently by the Kuwaiti Real Estate Bank said.‏  

Political stability, mental ease and the return of capital to invest in local real estate projects following the ouster of Saddam Hussein had a great impact on the real estate market, the study, cited by KUNA said. 

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The total real estate trading activity exceeded the KD2 billion barrier with an average trade of over 300 properties per week. Trading of real estate for commercial and investment purposes ROSE from six percent in 2000 to 14 percent last year, the report indicated. (menareport.com)

© 2004 Mena Report (www.menareport.com)