Kuwait’s real estate sector demonstrated the third consecutive uptick in total transactions this month as demand for housing in the emirate.
Kuwait’s real estate sector recorded a total transaction value of KD102.8 million across 167 deals according to official real estate registration data.
Core Trend: Residential Property Uptick
According to the report from the Ministry of Justice’s Real Estate Registration and Documentation Departments private residential transactions made up 70% of all sales between the 16th and 20th of November.
Investment Property Sector
The investment property sector also showed strong market growth as investors continued to target income-generating assets.
Stable rental returns and steady bank interest rates continues to support increased investor interest in multi-unit developments and commercially viable properties.
Geographical Variation
On transactions, there remains a spatial variation as to where residential and investment property transactions are concentrated.
Hawally Governorate led the market, registering 50 of the 167 deals.
Jahra Governorate followed with 19 transactions while Kuwait City posted 18 transactions totalling KD21.4million.
The spatial distribution demonstrates spatial investment potential across Kuwait without centring investments in the capital only.
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