Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

No retreat in Kuwait real estate prices in 2nd quarter: experts  Join our daily free Newsletter

MENAFN - Arab Times - 01/06/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab Times) Wait city may 31 (kuna): the price for real estate in kuwait will still remain the same for the second quarter of 2014 despite efforts to find a solution for the housing problem a number of experts agreed. in separate statements to kuna real estate experts said that the government's efforts to find a solution to the housing problem might have eased the surge in real estate prices; however if words still remain words and no action is taken the problem will continue to exist. real estate expert ahmad behbahani told kuna that there were some positive reactions to official statements regarding the leasing of around 70 million square meters of land to build a housing project. despite that fact the decrease in real estate price will not occur unless some action is taken in reality said behbahani.

behbahani called for swift action to prevent prices from further escalating noting that price of real estate in some areas had sky rocketed to around kd 750 million. on his part head of the real estate union (reu) tafiq al-jarrah said that prices of real estate in new areas will stabilize but that does not mean that the same case will apply on other areas. providing land for housing does not mean that the area alocated was suitable for living because the process will take a long time to happen said al-jarrah who called for serious actions to end the hike in prices. echoing similar statements chairman of the board for the kuwait real estate clearing company abdulrahman al-habib said that the second quarter of 2014 will not witness any decrease in prices due to the lack of housing lands whether it was owned by the government or the private sector.

speculation in the real estate market also plays a negative role in further hiking the prices said al-habib who called for a method to organize and regulate the real estate market in kuwait. in regards to real estate business in the country head of real estate housing at drwaza al-safat real estate company ali al-safar said that activities in the market will slow down due to the summer vacation and the holy month of ramadan. demands exceeds the supplies in the real estate market; therefore there will be no decrease in prices unless the government provides more housing lands said al-safar noting that there was some real estate activity in newly constructed areas such as sabah al-ahmad coastal city which will witness some new offers for affordable housing lands in the near future.


 


Arab Times




  MENA News Headlines
 Mar 23 2017 - Ripple - Instant, certain, low-cost cross-border payments.MENAFN Press
(MENAFN Editorial) iCrowdNewswire - Mar 23, 2017 Ripple Instant, certain, low-cost cross-border payments. San Francisco Digital Currency · Financial Services · Finance ...

 Mar 24 2017 - Argentinas Knee Reconstruction Industry To Propagate With Advancement In Technology: Ken ResearchMENAFN Press
(MENAFN Editorial)Ken Research has announced publication titled, “Argentina Knee Reconstruction Market Outlook to 2022” which offers key market data on Argentina’s Knee Reconstruction market with the ...

 Mar 24 2017 - Voltage Stabilizer System Market - Building Automation Shows Steady Growth as Consumers Seek SafetyMENAFN Press
(MENAFN Editorial)Global Voltage Stabilizer Systems Market: Snapshot A voltage stabilizer is used for ensuring a steady level of voltage automatically for various electrical gadgets to prevent ...

 Mar 24 2017 - Connectivity Constraint Computing Market - Ecosystem and Healthcare Management to Top Demand in Global CCC MarketMENAFN Press
(MENAFN Editorial)Global Connectivity Constraint Computing Market: Snapshot The leading factor driving the global connectivity constraint computing market currently is the scope of eliminating ...

 Mar 24 2017 - Repository Prospects of the Global Hair Dryer Industry: Ken ResearchMENAFN Press
(MENAFN Editorial)Ken Research has announced latest publication on growth estimates of Hair Dryer Industry in the global market named as, “Global Hair dryer Industry Situation and Prospects Research ...

 Mar 23 2017 - Blend Anything, Extract Everything With Kenwood's PurejuiceMENAFN Press
(MENAFN Editorial) The new range of slow press juicers is the first step towards Fresh Thinking Dubai, UAE, March 23, 2017: Making your own juice is a healthy choice. So it makes sense to ...

 Mar 23 2017 - HEC Paris in Qatar welcomes Executive MBA Class of 2018MENAFN Press
(MENAFN Editorial) Doha, Qatar March 23, 2017: HEC Paris, one of the world's top three providers of Executive Education programs, has officially welcomed its latest batch of participants for the ...

 Mar 23 2017 - Top Talents Honoured at MENA Digital Awards 2017MENAFN Press
(MENAFN Editorial) IMPACT BBDO Dubai awarded Agency of the Year and BBDO Worldwide named Network of the Year Dubai, United Arab Emirates March 23, 2017: The world's foremost digital advocates ...

 Mar 23 2017 - New services in Metrash 2MENAFN Press
(MENAFN Editorial) Dubai, UAE, March 23, 2017: The Ministry of Interior added two more new e-services to its mobile app Metrash 2 and the website of the Ministry, thanks to the commitment of the ...

 Mar 23 2017 - Celebrate the start of the spring with Lexus Select EventMENAFN Press
(MENAFN Editorial) Exclusive offers on a large Lexus line-up Dubai, UAE, March 23, 2017: Al-Futtaim Motors, leader in sustainable mobility and exclusive distributor of Lexus in the UAE, ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help