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Kuwait real estate sales jump in June
- Kuwait: Tuesday, July 22 - 2008 at 15:13
Real estate sales in Kuwait saw a significant jump in June following a sharp drop the previous month, according to a report by National Bank of Kuwait. A total of 432 sales transactions were registered at a value of KD 177.4 million. Although unit sales and values were up by 30% and 22% respectively from the previous month, they were down 53% and 28% respectively on a year ago. June's strong performance was largely due to a buoyant month in the apartments and commercial property segment, which saw sales rise 28% by value and 63% by number of units sold, the report said.
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Jeff Florian, Senior ReporterTuesday, July 22 - 2008 at 15:13 UAE local time (GMT+4)
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