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Image used for illustrative purpose. Kuwait neighborhood
KUWAIT, Sept 3 (KUNA) -- Value of trades in domestic private housing rose 2.4 percent in Q2 2018 and number of transactions 3.1 percent, according to a report released by Kuwait Finance House (KFH) on Monday.
The report, which covers the year second quarter, noted that investment property sector was affected with the vacations' season where trade value fell 5.2 percent as compared to the first quarter of 2018.
Value of trades in commercial real estate climbed 14 percent, but number of transactions dropped 53.5 percent, impacting positively on the average deal value by 15 percent.
Domestic realty trades amounted to KD 857 million (USD 2.8 billion), climbing by three percent in contrast to Q1.
Private sector contributed with 37.6 percent of the sectors' deals in Q2, while the investment trades accounted to 41.8 percent of the realty dealings.
Commercial trades accounted to 14.9 percent of the realty sector total deals.
Value of the realty trades amounted to KD 821 million (USD 2.7 billion) in Q2, rising by 3.7 percent as compared to Q1. (end) skm.rk
The report, which covers the year second quarter, noted that investment property sector was affected with the vacations' season where trade value fell 5.2 percent as compared to the first quarter of 2018.
Value of trades in commercial real estate climbed 14 percent, but number of transactions dropped 53.5 percent, impacting positively on the average deal value by 15 percent.
Domestic realty trades amounted to KD 857 million (USD 2.8 billion), climbing by three percent in contrast to Q1.
Private sector contributed with 37.6 percent of the sectors' deals in Q2, while the investment trades accounted to 41.8 percent of the realty dealings.
Commercial trades accounted to 14.9 percent of the realty sector total deals.
Value of the realty trades amounted to KD 821 million (USD 2.7 billion) in Q2, rising by 3.7 percent as compared to Q1. (end) skm.rk
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