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Kuwait property sees May slowdown
- Kuwait: Sunday, July 05 - 2009 at 10:54
According to a report by the National Bank of Kuwait (NBK), the country's real estate activity fell during May to its second weakest level in five months, with a total of 314 sales transactions which were registered at a value of KD80.1m. NBK has said that the sales volume had fallen 17% from the previous month. However, Kuwait's residential sector had seen moderate growth with the value and number of transactions rising by 3% and 7% respectively. NBK noted the drop in May sales values had resulted largely from a decrease in commercial sales, which saw a 66% decline.
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StaffSunday, July 05 - 2009 at 10:54 UAE local time (GMT+4)
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