Kuwait: Real estate liquidity rises by 84% in a month

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The Kuwaiti Ministry of Justice revealed that the liquidity of the real estate market increased during March 2017, compared to that of February. A recent report showed that the total value of contract and agency transactions amounted to 304.5 million dinars last March, which is 84.6% higher than that of February 2017, which amounted to 164.9 million dinars, and also increased by 23.9% compared to March 2016.

A recent report showed that the total value of contract and agency trades in March 2017 amounted to 304.5 million dinars, which is 84.6% higher than that of February 2017, which amounted to 164.9 million dinars.

March 2017 trades were distributed between contracts worth about 255.3 million dinars and agencies worth about 49.2 million dinars.

March 2017 trades were distributed between contracts worth about 255.3 million dinars and agencies worth about 49.2 million dinars. The number of real estate transactions last March amounted to 614 transactions, distributed according to the report between 436 contracts and 178 agencies.

Mubarak Al-Kabeer Governorate topped the number of real estate transactions with 252 transactions, representing 41% of the total number of real estate transactions, followed by Ahmadi Governorate with 155 transactions representing 25.2%, while Jahra Governorate had the lowest number of transactions with 25 transactions representing 4.1%.

The value of private housing activity reached about 211.9 million dinars, up by about 146.7% compared to February 2017, when it amounted to about 85.9 million dinars, and represented 69.6% of the total value of real estate transactions compared to 52.1% in February 2017.

The report indicated that the value of private housing activity reached about 211.9 million dinars, up by about 146.7% compared to February 2017. The report indicated that the monthly average value of private housing transactions during 12 months amounted to about 93.4 million dinars, i.e. the value of this month's transactions is 126.9% higher than the average.

The report indicated that the monthly average value of private housing transactions during 12 months amounted to about 93.4 million dinars, which is 126.9% higher than the average. The number of transactions for this activity increased to 528 transactions in March 2017 compared to 251 transactions in February 2017, thus the average value of one transaction for private housing activity amounted to about 401.4 thousand dinars.

The value of private housing transactions increased to about 93.4 million dinars, i.e. the value of transactions for the month is 126.9% higher than the average. The value of investment housing activity rose to 72.6 million dinars, an increase of 29.6% compared to February 2017, when it reached 56 million dinars, while its percentage of total liquidity decreased to 23.8% compared to 33.9% in February 2017.

Investment housing activity increased to 72.6 million dinars, an increase of 29.6% compared to February 2017. <The 12-month average value of investment housing activity was 65 million dinars, meaning that this month's value is 11.7% higher than the 12-month average. The number of deals decreased to 81 deals compared to 120 deals in February 2017, so the average deal per deal for investment housing activity amounted to about 895.8 thousand dinars.

The value of commercial activity declined to about 20 million dinars, a decrease of 13.2% compared to February 2017, when it amounted to about 23 million dinars. Its percentage of the total value of real estate transactions decreased to 6.6% compared to 14% in February 2017.

<The report showed that the average value of commercial activity during 12 months amounted to about 41.9 million dinars, which means that the value of this month's transactions is 52.2% lower compared to the 12-month average. The number of deals amounted to 5 deals compared to 7 deals in February 2017, so the average deal per trade amounted to about 4 million dinars. There were no deals on warehousing activity in March 2017.