(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, Nov 13 (KUNA) -- Kuwait Finance House (KFH) stated on Thursday that the value of real estate transactions in the local market during the third quarter of the current year approached KD 1.3 billion (approximately USD 4.2 billion), recording an increase of 19.4 percent compared to real estate transaction values in the second quarter of the same year.
KFH added in its real estate report that the value of transactions in the remaining real estate categories declined compared to their value in the previous second quarter, coinciding with an increase in the number of deals during the third quarter to 1,564 deals, a rise of 6.9 percent.
The value of transactions in the commercial real estate category jumped to KD 440.6 million (approximately USD 1.5 billion), nearly four times its level in the second quarter of 2025, as demand for commercial properties increased to 75 transactions, three times the volume recorded in the second quarter, the report added.
It indicated that the average real estate transaction value index rose to KD 815,000 (approximately USD 2.6 million) in the third quarter, an increase of 11.7 percent compared with the previous quarter and 9.8 percent on an annual basis. (end)
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