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Housing crisis in Kuwait to end in 2020

Kuwait - April 20, 2015
Yasser Abel

The Kuwaiti Minister of Housing expected the housing crisis in Kuwait to end in 3 to 5 years. The crisis is expected to witness its end in 2020.

The minister, Yasser Abel, expected also demand rates to rise by 2020 to reach the normal rates in parallel with supply rates hike.

Yasser Abel implied in his statements to Al Anbaa Kuwaiti newspaper that the ministry is focusing on quality. He added that the ministry can’t work on covering the housing needs alone private sector must collaborate with public sector.

 

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