The Kuwaiti real estate market poSted strong performance last year, with the total value of sales during the year amounting to KD1.5 billion, up 10 percent compared to 2003, indicated the National Bank of Kuwait (NBK) in its economic brief on real estate activity.
The residential sector, according to NBK, showed mixed results with value of sales up by 4 percent while the number of units sold went down by 2 percent. The average price per unit sold went up by 10 percent for apartment and commercial property, and by 7 percent for residential property, it added, according to KUNA.
