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Kuwait real estate sales in March up 19%
- Kuwait: Monday, April 29 - 2013 at 02:15
According to a report by the National Bank of Kuwait (NBK), real estate sales in the country jumped 19% year-on-year in March to a total of KD293m, Kuna has reported. Total sales in the housing sector, including 490 transactions, reached KD149m in March, with an average of 1% on a year-on-year basis as the average of each transaction grew by 7% in comparison with 2012. The investment sector saw sales climb 31% in March to a total of KD122m, most of which were focused on high-rise buildings, residential apartments or land plots, with the intention of leasing the final product, the report said.
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