Kuwaiti property slump

Country:  Kuwait

8 June 2009

Although commercial property sales in Kuwait have surged of late, residential property sales are continuing to fall, down 8% month-on-month in April, according to a fresh report from the National Bank of Kuwait.

Residential property sales in Kuwait have plummeted so far this year, with the average value of sales falling by 62% year-on-year during the first four months of 2009. The volume of transactions was also 63% lower, the report said.

See Also:   Kuwait