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Property sales down in Kuwait
- Kuwait: Tuesday, December 23 - 2008 at 15:25
Kuwait saw a 43% year on year drop in property sales in November, compared to the same period last year, with the value of those sales down by 30%. However, the National Bank of Kuwait said that not including sales conducted through agents, real estate sales volumes in November were at their highest since July. In total, there were 515 transactions registered - a rise of 77% compared to October - worth just under KD137m. Sales volumes rose 44% month on month. NBK said that November's growth was led by the residential sector, where sales volume and the number of transactions rose by 101% and 117%.
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StaffTuesday, December 23 - 2008 at 15:25 UAE local time (GMT+4)
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