Mubasher: Property sales in Kuwait increased by 16% in February, recording KWD 284 million ($933 million), according to a report released by National Bank of Kuwait (NBK) on Saturday.

Such increase resulted after commercial property sales went up KWD 100 million ($328 million), while the number of transactions declined by 30% MoM, the report found.

Moreover, sales of residential properties stood at KWD 110 million ($361 million) February, while the sale of investment property decreased to KWD 74 million ($243 million).

Kuwait’s inflation grew 0.6% year-on-year (YoY) in February, compared to 0.4% YoY in January, the NBK’s data showed.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.