January 23, 2023 real estate

Value of real estate transactions for 1st 12 days of 2023 amounts to about KD 64 mln

KUWAIT CITY, Jan 22: The latest figures recorded in the Real Estate Registration Department at the Ministry of Justice showed that the value of real estate transactions, from the beginning of the year until January 12, amounted to about 64.42 million dinars, recording a decrease of 18.58 million, or 22.4 percent, compared to the corresponding period of 2022, when it amounted to 83 million dinars, reports Al- Rai daily. The trading of the 12 days was distributed between about 63.88 million dinars contracts, and 543 thousand agencies, while the number of deals during the same period reached 123, distributed between 121 contracts and two agencies, compared to 214 deals that took place during the corresponding period of last year, a decrease of 42.5 percent, reports Al-Rai daily. The largest share of deals was in Al-Ahmadi governorate with 41 deals that constituted about 33.8 percent of the total, followed by Hawalli with 32 that constituted 26.4 percent, and then Mubarak Al-Kabeer with 19, while Al-Jahra had the lowest number of deals, after it recorded only two deals

The value of private housing activity trading during the first 12 days of 2023 amounted to about 40.9 million dinars, which took place through 91 deals, down by about 22.8 million dinars (-35.8 percent) from 63.7 million dinars during the same period last year through 179 deals.


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