Real estate sales in Kuwait slip 50% in July
Kuwait
Kuwait - KUNA
The value of real estate sales in Kuwait remarkable dropped in July to KD 291 million, down 50 percent month-on-month, said a specialized economic report Sunday.
The report, issued by Kuwait International Bank, unveiled that the total number of deals hit 573, down 30.5 percent month-on-month.
The average value of each deal decreased to KD 508,000, a declining 27.6 percent compared with that of June, said the report.
It said the slip in sales is partially due to the occurrence of Eid al-Fitr holiday which reduced the actual trading days to only 18 days.
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