Wednesday 25, June 2014 by

Kuwait’s real estate sector continued to perform strongly in May

NBK’s latest Economic Update reports that coming off a record performance in April, Kuwait’s real estate market witnessed a drop in the value of sales and the number of transactions in May. However, May continued this year’s strong showing, with sales reaching KWD 355 million—an increase of 24 per cent year-on-year. Sales were up from a year ago, across all sectors. As the end of the second quarter approaches, Kuwait’s real estate market looks to have performed very strongly during the first half of 2014. Sales were up 30 per cent in the first five months of the year compared to the same period in 2013.

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