October 13, 2021 real estate

Kuwaitis prefer to wait for houses


KUWAIT CITY, Oct 12: Kuwaitis who are accustomed to living in spacious houses still prefer to wait for their turn in the housing queue than to own an apartment in an investment area that does not exceed 200 square meters area, reports Al- Anba daily. The ownership apartments sector in Kuwait remains a preferred and even the main option for many citizens, as it is a safe investment for many small investors with capitals ranging between 60 and 80,000 dinars, especially in terms of good returns.

The sources added that the experience of owning apartments began after 2000, when ownership buildings began to pop up in Mahboula and Hawalli, which subsequently spread to the rest of the area such as the Capital, Bneid Al-Qar, Khaitan, Farwaniya and other investment areas. The sources pointed the Kuwaiti citizen prefers to wait for his turn in the government housing queue, even if it means waiting a long time instead of going for apartments in already crowded areas which suffer from lack of parking and medical and social services in general.

arabtimesonline



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