Kuwait real estate sales fell 20% in January
- Kuwait: Sunday, March 10 - 2013 at 06:25
The National Bank of Kuwait (NBK) has said real estate sales in the country in January fell 20% year-on-year to a total of KD254m ($893m). Both the residential and investment segments saw activity slow year-on-year, while sales in the commercial sector were up compared with the same month a year earlier. The underperformance in January was due to both a lower number of transactions, as well as a smaller average transaction size, which were down 33% and 13%, respectively, NBK said in its 'Kuwait Economic Brief' report.
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