• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Real Estate

Real Estate Sales in Kuwait Dropped by 25% in October 2019

The Global Economics by The Global Economics
December 11, 2019
in Real Estate
Reading Time: 1 min read
0
Women in Arabic traditional costume

Women in Arabic traditional costume

76
SHARES
422
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

At Kuwait, the real estate transaction slumped to 31.5% month-on-month (MoM) in October 2019 to stand at KWD 230 million. As the number of trading days marginally declined over the month, it is signalling below-average sales during the year. Thus, the number of real estate transactions dropped by 25% in October when compared to September, with the number of transactions totalling 450. As per the reports of the National Bank of Kuwait, real estate sales in October were down 31% month on month and down 26% year on year. On the other hand, the investment sector sales rose 17% compared to September and 9% from October 2018 to KD107m ($351.7m), buoyed by some large building transactions and coupled with a four percent increase in building prices.

Additionally, the bank also expects a minor bearish trend in this sector until there is a decline in an imbalance between softer demand and oversupply. However, there is good reason to believe that a significantly huge number of vacant apartments have yet to be absorbed into the market. Overall, there was no improvement in the commercial sector with sales falling to just KD400,000 ($1.3m), below the 2019 monthly average of KD52m ($171m). There was a 79% drop in transactions and the average transaction size was down to KD47,000 ($154,500). Sales value in the trade sector showed a major drop, largely centring on the transactions of small retail shops which were significantly down.a

The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

China Closing $446 Billion Gap in Property Market
Real Estate

China Closing $446 Billion Gap in Property Market

by Riya Thomas
November 23, 2023
The Rise and Fall of WeWork: From Tech Giant to Bankruptcy
Technology

The Rise and Fall of WeWork: From Tech Giant to Bankruptcy 

by The Global Economics
November 7, 2023
Effects of the Evergrande Crisis Ripple Across the World 
Real Estate

Effects of the Evergrande Crisis Ripple Across the World 

by The Global Economics
November 6, 2023
Evergrande’s Debt Struggles Shake China’s Property Stocks
Real Estate

Evergrande’s Debt Struggles Shake China’s Property Stocks

by Riya Thomas
September 25, 2023
Buy-to-Let on life support: Why are Britain’s Landlords selling properties?
Real Estate

Buy-to-Let on life support: Why are Britain’s Landlords selling properties?

by Riya Thomas
July 7, 2023
Previous slide
Next slide
Previous slide
Next slide
Previous slide
Next slide
Previous slide
Next slide
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a Bi-Monthly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

COP28 Summit Sees Ambitious Climate Initiatives From Across the Globe

COP28 Summit Sees Ambitious Climate Initiatives From Across the Globe 

December 4, 2023
India and Africa Driving Global Crude Oil Demand to 112 Mln bpd by 2030

India and Africa Driving Global Crude Oil Demand to 112 Mln bpd by 2030 

December 1, 2023
Guyana Asks ICJ to Halt Venezuela’s Vote as Annexation Crisis Intensifies

Guyana Asks ICJ to Halt Venezuela’s Vote as Annexation Crisis Intensifies 

November 30, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version