The Kuwaiti real estate sector hit an unprecedented sales rate to reach 4.3 billion dinars in the last year according to National Bank of Kuwait’s report.
Despite the hike in real estate sales rate, Decembers witnessed a slight slack by 11% to hit 355 million dinars.
The collective residential properties sale rate of 2014 rose by 5% compared with the 2013 to reach 1.9 billion dinars.
Sabah Al Ahmed Sea City covered 40% of residential deals on the national sector to bolster Al Ahmadi governorate rank as the top in respect of real estate market activity.
In the matter of spent real estate loans presented by Kuwait Credit Bank; the bank issued loans at value of 205 million dinars during the latter year with a rise 43% compared with 2013 loans.