Property Investor information: Kuwait
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Property Investor information for: Kuwait
Kuwait Real Estate Market Bolstered cont.. The National Bank of Kuwait has just released figures covering the growth in the real estate sector for the first seven months of 2005.
Though they showed a seasonal slowdown in June and July the overall average price per unit trend is up between 4 and 37% depending on the sector when compared to 2004’s figures for the same period.
This news is very positive and the entire real estate sector in Kuwait has recently been further boosted by the news that the Government have entered into an ambitious twenty year plan to grow and promote the tourism sector in the country. Furthermore the property sector has also benefited from the announcement of the new Direct Foreign Capital Investment Law which is set to revolutionise certain sectors including real estate.
